The UK's economic growth slowed between April and June to 0.3%, down from 0.7% in the first three months of the year, but still surpassed forecasts. While the Office for National Statistics reported a better-than-expected performance, political figures offered mixed reactions to the data.

• The UK economy expanded by 0.3% in Q2 2024, beating forecasts of 0.1%.
• Chancellor Rachel Reeves acknowledged the positive figures but stressed "still more to do."
• The construction industry grew by 1.2%, and the services sector, including computer programming and health services, contributed significantly to growth.
• The Bank of England recently raised its inflation forecasts, expecting price rises to peak at 4% later this year before receding to the 2% target by 2027.
• Goldman Sachs, the US investment bank, increased its forecast for UK annual growth from 1.2% to 1.4%.