UK economy returns to growth in July, though recession risk remains

If negative growth was to be recorded in the third quarter of the year, the economy would be in a recessionThe UK economy recorded growth of 0.3% in July, boosting hopes that a pre-Brexit recession can be avoided.

According to the Office for National Statistics , UK output bounced back from zero growth the previous month thanks to a partial recovery in the dominant services sector. However, the number-crunchers warned of a weaker underlying picture for services, which account for 80% of the economy, across the remainder of 2019.July's figures are the first in a crucial third quarter as politicians in Westminster continue their bitter squabble over Brexit, with the outcome still far from certain.

A flat or positive performance for growth during the three months to September would mean the economy averts its first recession since the financial crisis.The UK was placed on recession footing when data showed a 0.2% contraction for the economy between April and June. That downturn was blamed on cautious shoppers and businesses in the run-up to the Brexit deadline of 31 October, and the unwinding of stockpiling ahead of the original date of 29 March.

Anti-democracy sly and vile remoaners furious they couldn’t bring the nation down with their ProjectFear!

Remember sky. recession is a global phenomenon not just a Brexit symptom

Saudi Arabia must be buying a lot of guns this year

Stockpiling.

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK GDP report to show Brexit summer slowdown – business liveRolling coverage of the latest economic and financial news 'brexit summer slowdown' FFS Brexit voters don’t care. They don’t know how their own country works so meh
Source: The Guardian - 🏆 84. / 53 Read more »

UK not 'recession ready', think tank warnsInterest rate cuts and quantitative easing would only provide quarter of support needed, report says Which is strange considering we're still waiting for the recession from the day after the Brexit vote... Remainer 'think tanks.' Fearmongering.
Source: The Independent - 🏆 80. / 59 Read more »

UK weather forecast: Warnings issued as heavy rain and thunderstorms to batter BritainBRITAIN is expected to be battered by heavy rain and thunderstorms on Monday as temperatures struggle to rise above the mid-teens.
Source: Daily Express - 🏆 26. / 68 Read more »

Hurricane Dorian heads towards UK with strong winds and heavy rainBritain will feel the effects of two North Atlantic storms this week as Hurricane Dorian meets tropical storm Gabrielle. BorisJohnson Foreign aid is designed for just this event...is the UK sending aid to the many folks affected by the hurricane in the Bahamas ? Better find my kite then Yes who will help us!!!!!
Source: MetroUK - 🏆 13. / 82 Read more »

EU 'losing patience' as UK still fails to present alternative to Irish backstop in talksEU spokesperson says no proposals to replace backstop laid out by UK team Can't we just call it a draw? So what? What can EU do? UK Brexit Don't scratch to hard you don't want to damage your tiny brain.
Source: The Independent - 🏆 80. / 59 Read more »

UK weather flood warning: Storm Gabriel and Hurricane Dorian unite – rain and 60mph windsMet Office meteorologist Mark Wilson forecasts showers across Britain with some clear skies. Temperatures will stay around 18 degrees during the day.
Source: Daily Express - 🏆 26. / 68 Read more »