Business news live: UK economy grows in June – but jobs and inflation ‘troublesome’

Growth in the UK economy slowed in the second quarter of this year, a mix of pressures from tariff uncertainty, businesses and individuals coping with tax increases and ongoing inflation struggles.

New official figures from the Office for National Statistics (ONS) said gross domestic product (GDP) grew by 0.3 per cent between April and June.

That follows 0.7 per cent growth in the first three months of the year.

However, the April-June figure was stronger than the 0.1 per cent level widely expected by economists, after a stronger uptick in activity in June and revised data for earlier in the quarter.

Chancellor Rachel Reeves said the economic figures were “positive” but added that there is “more to do” to drive growth in the economy.

Good morning! Lots to cover today so we’ll get straight into it on the business and money coverage here on The Independent.

Economic growth is our chief focus but as well as that, all the student finance related info, stock market and companies data and general personal finance news you could want is coming your way.