The UK economy contracted by a worse-than-expected 0.5% in July as industrial action by teachers and healthcare staff affected services and the wet weather dampened consumer and tourist spending, according to figures released on Wednesday by the Office for National Statistics (ONS).
UK Economy Shrinks in July as Strikes and Wet Weather Disrupt Activity
Cost-of-Living Squeeze and Interest Rate Rises May Also Be Taking Their Toll
CoStar Analytics
September 13, 2023 | 10:01 AM
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