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UK economy grew faster than thought in first six months of Labour government – business live

Rolling coverage of the latest economic and financial news, as Office for National Statistics releases newly updated GDP dataThere’s some disappointing news in today’s GDP report, though – the production sector suffered a sharper downturn in the last quarter, and the building sector grew more slowly than estimated.The production sector is estimated to have fallen by 0.8% in Quarter 2 2025 (previously estimated as a 0.3% fall), the ONS reports. This downturn was driven by lower power generation and gas production. Continue reading...

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