Strong July Growth as Recession Threat Dies

Threats of a recession in the UK have faded after the UK economy showed solid growth in July. Defying remainer expectations.

As the BBC’s Economics Editor, Faisal Islam, concedes, “strongly suggesting [a] return to growth in Q3, albeit Q3 hasn’t finished yet – so recession not looking likely”.

The 0.5% growth rate – driven greatly by construction growth – comes after a 0.2% contraction in the second quarter of the year, and marks the strongest month of growth since January. 0.3% growth is three times higher than predicted – expect more economic predictions to be defied over the coming months…


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Quote of the Day

In response to the news that Emily Thornberry described the Lib Dems as “like the Taliban” over their new revoke Article 50 Brexit policy, the former Lib Dem leader responded:

“Come on Emily, if we really were like a Middle East terrorist group, don’t you think Jeremy would’ve invited us to a conference fringe meeting before now?”

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