Back to today’s briefing

Story perspectives

UK Economy Slows to 0.3% Growth Amid Uncertainty

8/14/2025

44 8

Summary

Story summary

The UK economy grew by 0.3% in Q2 2025, a decrease from 0.7% in Q1.
Rising employment costs and global trade disruptions contributed to this slowdown.
Analysts caution that slow growth may lower tax revenues, complicating fiscal plans for Chancellor Rachel Reeves.
High inflation and possible tax increases create additional uncertainty in the job market.

1 of 1

Story summary

The UK economy grew by 0.3% in Q2 2025, a decrease from 0.7% in Q1.
Rising employment costs and global trade disruptions contributed to this slowdown.
Analysts caution that slow growth may lower tax revenues, complicating fiscal plans for Chancellor Rachel Reeves.
High inflation and possible tax increases create additional uncertainty in the job market.