No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, October 3, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Economy

UK economy stalls in July, as slowdown sets in

by TheAdviserMagazine
3 weeks ago
in Economy
Reading Time: 3 mins read
A A
UK economy stalls in July, as slowdown sets in
Share on FacebookShare on TwitterShare on LInkedIn


A road closure sign leans against a wall outside Royal Exchange in the heart of the City of London, on 13th June 2022, in London, England.

Richard Baker | In Pictures | Getty Images

U.K. economic growth flatlined in July, according to data published Friday, adding to Chancellor Rachel Reeves’ headache ahead of the Autumn Budget.

The figure was in line with expectations of economists polled by Reuters, and follows a 0.4% expansion in June.

In July, weakness was concentrated in production output, which contracted by 0.9%, while services and construction output both inched higher, the U.K.’s Office for National Statistics noted.

It comes after the economy grew by a better-than-expected 0.3% in the second quarter, although this was down from bumper growth of 0.7% seen in the first quarter.

Economists now expect a slowdown to take hold of the U.K. in the latter half of 2025.

“After a surprisingly stronger second quarter, where the U.K. claimed the fastest growth rate among G7 economies, all signs point to a slowdown in economic activity in the second half of the year,” Sanjay Raja, Deutsche Bank’s chief U.K. economist, noted this week.

“A course correction in trade-fronting, stockpiling, net acquisitions of precious metals, and public sector spending, we think, will see U.K. GDP growth slow into the second half of 2025,” he added in emailed comments.

Headache for Rachel Reeves

Finance Minister Reeves has made reviving the U.K. economy a top priority, but so far has struggled to turn her pledges into reality.

An economic slowdown is a blow to the government ahead of the Autumn Budget on Nov. 26, a high-stakes event for Reeves who has promised to ensure spending is funded by tax receipts, rather than borrowing, and to lower U.K. debt over the next few years.

As such, any potential tax hikes are a particular focus, Paul Dales, chief U.K. economist at Capital Economics, suggested in a note Friday.

“The stagnation in real GDP in July … shows that the economy is still struggling to gain decent momentum in the face of the drag from previous hikes in taxes and possible further tax rises to come in the Budget,” he said.

The Bank of England, meanwhile, is attempting to weigh this fiscal uncertainty with sticky inflation (which rose to a hotter-than-expected 3.8% in July).

“The soft performance of the economy in July probably isn’t enough to offset the Bank of England’s growing inflation fears,” Dales noted.

Fabio Balboni, senior European economist at HSBC, struck a similar tone, telling CNBC last week that “inflation resilience obviously makes it harder for central banks to cut further.”

“Then, on the other hand, you have fiscal concerns, still very large fiscal deficits, starting in the U.K., for instance, with very difficult decision looming ahead for the government at the Autumn Budget,” Balboni added.

The Bank of England is due to meet in the meantime on Sept. 18, but is expected to hold rates steady after cutting them in August. Then, the bank’s nine-member monetary policy committee voted by a majority of 5–4 to reduce the key interest rate, the “Bank Rate,” by 25 basis points to 4%, saying it was taking a “gradual and careful” approach to monetary easing.

The central bank’s Nov. 6 meeting is now in the spotlight, particularly as it comes just ahead of the budget.

“We still expect a rate cut in November, though the hawkish August decision weakened our conviction,” Carsten Brzeski, global head of Macro at ING, said Thursday.



Source link

Tags: economyJulySetsslowdownstalls
ShareTweetShare
Previous Post

TCS, Infosys, Wipro see price targets slashed by Jefferies as AI shift clouds outlook

Next Post

Dollar Recovers Slightly From Losses After U.S. Data

Related Posts

edit post
Market Talk – October 3, 2025

Market Talk – October 3, 2025

by TheAdviserMagazine
October 3, 2025
0

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 832.77 points or 1.85% to...

edit post
The job market slowdown is hitting recent college grads hard

The job market slowdown is hitting recent college grads hard

by TheAdviserMagazine
October 3, 2025
0

Students wait in line before the start a career fair at the New York University Polytechnic School of Engineering in...

edit post
Jefferson’s War on the Barbary Pirates Is an Unjustified Password for Military Intervention

Jefferson’s War on the Barbary Pirates Is an Unjustified Password for Military Intervention

by TheAdviserMagazine
October 3, 2025
0

A few early episodes of US history are commonly employed as alleged historical precedents and justifications for modern US foreign...

edit post
The Missing Rules – Econlib

The Missing Rules – Econlib

by TheAdviserMagazine
October 3, 2025
0

On my (endlessly expanding) “to-read” list is Nicholas Wade’s book The Origin of Politics: How Evolution and Ideology Shape the Fate...

edit post
Links 10/3/2025 | naked capitalism

Links 10/3/2025 | naked capitalism

by TheAdviserMagazine
October 3, 2025
0

This is Naked Capitalism fundraising week. 744 donors have already invested in our efforts to combat corruption and predatory conduct,...

edit post
New Hires Fell To 16-Year Low In September

New Hires Fell To 16-Year Low In September

by TheAdviserMagazine
October 3, 2025
0

The condition of America’s workforce remains undetermined, as the Bureau of Labor Statistics is currently not operational. The non-farm payrolls...

Next Post
edit post
Dollar Recovers Slightly From Losses After U.S. Data

Dollar Recovers Slightly From Losses After U.S. Data

edit post
Zurich-based Una Terra closes €50M Circular Economy Growth fund to cut plastic waste and CO2 emissions

Zurich-based Una Terra closes €50M Circular Economy Growth fund to cut plastic waste and CO2 emissions

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
Political Risks in ACA Subsidy Debate Spark Blame Game, Test Parties’ Resolve

Political Risks in ACA Subsidy Debate Spark Blame Game, Test Parties’ Resolve

0
edit post
Market Talk – October 3, 2025

Market Talk – October 3, 2025

0
edit post
Bitcoin Capital Flow Must Enter The Network Before Global Dominance — Here’s What Will Happen

Bitcoin Capital Flow Must Enter The Network Before Global Dominance — Here’s What Will Happen

0
edit post
These Pension Myths Will Quietly Erode Your Income Over Time

These Pension Myths Will Quietly Erode Your Income Over Time

0
edit post
Sebi confirms market ban on Synoptics Tech, promoters for IPO fund diversion

Sebi confirms market ban on Synoptics Tech, promoters for IPO fund diversion

0
edit post
Innovation pipeline, portfolio in focus ahead of Johnson & Johnson’s Q3 earnings

Innovation pipeline, portfolio in focus ahead of Johnson & Johnson’s Q3 earnings

0
edit post
Bitcoin Capital Flow Must Enter The Network Before Global Dominance — Here’s What Will Happen

Bitcoin Capital Flow Must Enter The Network Before Global Dominance — Here’s What Will Happen

October 3, 2025
edit post
Trump orders Israel to stop bombing Gaza after Hamas partially accepts his peace plan

Trump orders Israel to stop bombing Gaza after Hamas partially accepts his peace plan

October 3, 2025
edit post
‘Upctober’ Ignites Crypto Frenzy: Bitcoin Flirts With 4K, BNB Breaks Records

‘Upctober’ Ignites Crypto Frenzy: Bitcoin Flirts With $124K, BNB Breaks Records

October 3, 2025
edit post
Now This Common Supplement May Slow Aging, Too

Now This Common Supplement May Slow Aging, Too

October 3, 2025
edit post
Market Talk – October 3, 2025

Market Talk – October 3, 2025

October 3, 2025
edit post
The job market slowdown is hitting recent college grads hard

The job market slowdown is hitting recent college grads hard

October 3, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Bitcoin Capital Flow Must Enter The Network Before Global Dominance — Here’s What Will Happen
  • Trump orders Israel to stop bombing Gaza after Hamas partially accepts his peace plan
  • ‘Upctober’ Ignites Crypto Frenzy: Bitcoin Flirts With $124K, BNB Breaks Records
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.