The UK economy posted an unexpected 0.3% expansion in June, snapping out of two months of stagnation or contraction, according to figures released by the Office for National Statistics on August 13. This uptick was attributed to the FIFA World Cup and unusually warm weather. GDP grew 0.4% in the second quarter, down from 0.6% in the first quarter. The services sector was the main driver with a 0.4% quarterly expansion. The British Chambers of Commerce warned that the figures mask persistent cost pressures on businesses and called on the new government to prioritize trade, investment, and productivity in the October budget.
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