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The Telegraph
The Telegraph
11 Sep 2024
Chris Price


Economy flatlines under Starmer - latest updates

Britain’s economy flatlined during the first month under the new Labour government, official figures show.

Gross domestic product (GDP) expanded by 0pc in July, according to the Office for National Statistics.

Growth had been expected to hit 0.2pc during the first month of Sir Keir Starmer’s premiership, having fallen to 0pc during June, down from 0.4pc in May.

Statisticians had described the economy as “going gangbusters” during the final months of under Tory leadership, with GDP expanding 0.7pc during the first three months of the year and 0.6pc during the second quarter.

Read the latest updates below.