In a surprising twist to the UK’s economic narrative, official data released on Wednesday reveals that the economy flatlined in July. The Office for National Statistics (ONS) reported no growth in gross domestic product (GDP) for the month, defying expectations of a 0.2% increase.

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UK in crisis as economy stagnates yet again during Labour's first month

The news would come as a huge blow to Sir Keir Starmer barely two months on from his General Election victory.

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Sterling edges up versus dollar and euro after UK data

Sterling edged up versus the dollar and the euro on Tuesday after UK labour data supported the view that the British economy was on a solid footing. Pay growth cooled in the three months to July to a more than two-year low,

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UK state pension on track to rise 4% under triple lock, latest wage growth data shows – business live

Rolling coverage of the latest economic and financial news, with state pension likely to increase by £9 a week or £460 per year.   14:15 The chief executive of NatWest believes the UK economy has reached an “inflection point”,

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GBP/JPY remains stable around 187.00 following the mixed UK labor data

GBP/JPY maintains its position above 187.00 during the Asian hours on Tuesday. The Pound Sterling (GBP) receives minor support from the mixed employment data from the United Kingdom (UK). ILO Unemployment Rate eased to 4.1% in the three months to July, following June’s 4.2% print, the data published by the Office for National Statistics (ONS).

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