UK continues to grow economy

The UK economy grew by 0.6% in the second quarter, down slightly from 0.7% in the first quarter, meeting economists' expectations. Growth remained steady, though challenges like low productivity and strained public finances persist. Prime Minister Keir Starmer and Chancellor Rachel Reeves emphasised the need for long-term growth, while former Chancellor Jeremy Hunt claimed Labour inherited a resilient economy. The Bank of England raised its annual growth forecast but expects slower growth later in the year. The UK's growth outpaced the Eurozone but lagged behind the US.