UK growth slows as economy feels effect of higher business costs

UK economical maturation slowed arsenic US President Donald Trump's tariffs deed and businesses grappled with higher costs, authoritative figures show.

A measurement of everything produced successful the economy, gross home merchandise (GDP), expanded conscionable 0.3% successful the 3 months to June, according to the Office for National Statistics (ONS).

It's a slowdown from the archetypal 3 months of the twelvemonth erstwhile businesses rushed to hole for Mr Trump's taxes connected imports, and GDP roseate 0.7%.

Caution from customers and higher costs for employers led to the latest little maturation reading.

Economic enactment successful April and May, successful particular, was anemic arsenic purchases were brought guardant up of the stamp work alteration and tariff changes.

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