By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Baner ClubBaner ClubBaner Club
  • Home
  • Business
    BusinessShow More
    Pakistan, China business firms sign $4.2 billion MoUs
    September 4, 2025
    Billions are lost due to top bosses’ massive abuse of the SOEs Act 2023.
    September 2, 2025
    Second phase of CPEC launched with new agricultural and industrial agreements
    October 7, 2024
    The Rupee depreciates 13 paise in interbank trade against the US dollar.
    October 7, 2024
    Reluctant bidders to keep on PIA employees
    October 7, 2024
  • Politics
    PoliticsShow More
    Bilawal asserts that CM Maryam’s efforts need to be acknowledged.
    September 5, 2025
    Saad Rafique condemns ‘egg attack’ on Aleema Khan
    September 5, 2025
    Bilawal asks PM to waive bills for farmers in disaster-hit districts
    September 5, 2025
    Trump’s 200th executive order: US defence secretary to be rebranded
    September 5, 2025
    Bilawal calls for agricultural emergency as floods hit farmers
    September 5, 2025
  • Technology
    TechnologyShow More
    Apple expected to release iPhone 17 lineup on September 9
    September 5, 2025
    Balochistan suspends mobile internet on Sept 5–6 over security concerns
    September 5, 2025
    European nuclear research delegation visits Pakistan: FO
    September 2, 2025
    The government warned: “Without a data strategy, the UK risks losing its leadership in AI.”
    October 7, 2024
    A 10-year-old youngster may be seen on camera traversing a ‘busy’ school playground in a stolen automobile.
    October 7, 2024
  • Sports
    SportsShow More
    Former NZ captain Ross Taylor to play for Samoa in shock comeback
    September 5, 2025
    Full squads revealed for ACC Men’s Asia Cup 2025
    September 5, 2025
    Asia Cup 2025: Players to watch out for
    September 5, 2025
    T20I tri-series: Afghanistan post 171-run target for UAE
    September 5, 2025
    Pakistan defeats the UAE by 31 runs in the T20 Tri-series 2025, with Fakhar and Abrar shining.
    September 4, 2025
  • Job Portal
  • Matrimonial
  • Marketplace
  • Chat Room
  • More
    • Blog
    • Interests
    • Contact Us
Reading: Since Labour took office in July, the UK economy has remained stagnant and has not grown, according to ONS data.
Share
Notification
Font ResizerAa
Font ResizerAa
Baner ClubBaner Club
Search
  • Home
  • Business
  • Politics
  • Technology
  • Sports
  • Job Portal
  • Matrimonial
  • Marketplace
  • Chat Room
  • More
    • Blog
    • Interests
    • Contact Us
  • Privacy Policy
  • Terms and Conditions
© 2022 BanerClub. All Rights Reserved.
Baner Club > Blog > Ecnomics > Since Labour took office in July, the UK economy has remained stagnant and has not grown, according to ONS data.
EcnomicsPolitics

Since Labour took office in July, the UK economy has remained stagnant and has not grown, according to ONS data.

According to official data, the UK GDP shrank in July.

Last updated: 2024/09/11 at 8:48 AM
Published September 11, 2024
Share
2 Min Read
SHARE

The GDP, a gauge of all goods and services produced in the UK, stagnated in the weeks after the Labour government was elected, according to the Office for National Statistics (ONS). This marks the second month of stagnation.
According to Reuters news agency polled economists, the GDP would grow by 0.2%.

A few indicators of development

However, the services sector is showing “longer-term strength,” as evidenced by growth in the three months leading up to July and growth over the previous three months overall.

For the first half of 2024, the UK’s growth rate was the highest among the industrialized nations that make up the G7.

The end of health strikes and development in the services industry, driven by computer programmers, were counterbalanced by declines in the advertising, architectural, and engineering sectors.

According to the ONS, “a particularly poor month for car and machinery firms” caused an overall reduction in manufacturing output, while construction output also decreased.

How will interest rates be affected by it?

When the Bank of England meets next week to decide how to proceed in the battle against inflation, the market expects interest rates to stay the same.

In an effort to lower inflation, the central bank increased interest rates and increased the cost of borrowing.

You Might Also Like

Trump signs order to bring lower Japanese auto tariffs into effect

Vegetable shortages are caused by floods and rains, and prices rise.

Wheat, flour prices soar amid continuous floods in Pakistan

Inflation surges to 10-month high

Bilawal asserts that CM Maryam’s efforts need to be acknowledged.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
admin September 11, 2024 September 11, 2024
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Copy Link
Share
Previous Article BT CEO Marc Allera tells News that planning regulations prohibit speedier internet.
Next Article Following an illegal state aid case, Apple was “required” to pay Ireland £11 billion.
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

Facebook Like
Twitter Follow
Pinterest Pin
Instagram Follow
Youtube Subscribe
Dribbble Follow
- Advertisement -
Ad imageAd image

Latest News

Hamas releases video of two Israeli hostages held in Gaza
War September 5, 2025
Apple expected to release iPhone 17 lineup on September 9
Technology September 5, 2025
The United States claims that two Venezuelan military planes near a Navy ship in international waters
Defence United States September 5, 2025
Strong aftershocks hit Afghanistan after earthquakes kill 2,200
News September 5, 2025
//

Where headlines meet insight, and stories shape perspectives. Your gateway to informed perspectives and captivating narratives.

Top Categories

  • BUSINESS
  • POLITICS
  • TECHHot
  • HEALTH
  • News
  • Technology
  • Fashion

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Baner ClubBaner Club
Follow US
© 2025 BanerClub. All Rights Reserved.
  • Privacy Policy
  • Terms and Conditions
Pay with Paypal

Login

Register

Please enter your username or email address. You will receive a link to create a new password via email.

Loading Back to login
Forgot Password
Facebook Login Loading...
Registration is currently disabled.
  • Login
  • Sign Up
Forgot Password?
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.
body::-webkit-scrollbar { width: 7px; } body::-webkit-scrollbar-track { border-radius: 10px; background: #f0f0f0; } body::-webkit-scrollbar-thumb { border-radius: 50px; background: #dfdbdb }
Welcome Back!

Sign in to your account

Lost your password?