UK GDP Gently Stalled in June
June’s Numbers: No Move After a Mellow May
After a 0.4 % bump in May, the latest figures show the UK’s economy flatlining for the month‑on‑month comparison, though it still packs a healthy 0.6 % quarterly lift.
Sector Snapshot
- Services: down 0.1 % (handful of stalls)
- Construction: up 0.5 % (brick‑by‑brick progress)
- Production: up 0.8 % (machines churning)
What the Experts Are Saying
John Choong, Head of Equities and Markets at Investors Edge: “The UK economy keeps roaring back to life after a brutal 2024 winter that saw the country hit a recession. If this pace sighs on, Britain could become the G7’s star pupil, outpacing even the mighty US.”
Wes Wilkes, CEO at Net‑Worth NTWRK: “Our British ‘stiff upper lip’ is shining in the numbers. 0.6 % growth over the three months to June is a victory lap. It’s a nudge to our European neighbours and even the stars of the Atlantic for a stir‑up of their own.”
Why the Bank of England Might Hold Off on Rate Cuts
With the economy jolly well ago and inflation just dabbling above the 2 % target, the MPC has less incentive to lower rates. That means borrowers and homeowners will celebrate growth but brace for continued high borrowing costs—a bittersweet cocktail.
What’s Next?
Keep your eyes on the next release and the BoE’s playbook. A decision to pause or push rates could feel like a sudden thunderstorm for those with mortgages and business loans.
