The UK economy surprised everyone in June with a 0.3% growth boost, fueled by easing energy prices, the World Cup kickoff, and sunny weather lifting business morale. Services led the charge with a 0.4% uptick, while industry and construction dipped slightly. Q2 growth of 0.4% was steadier than expected despite political turmoil—including the PM’s July resignation. The new leadership is laser-focused on cutting costs for businesses and tackling soaring living expenses. Finance ministers tout the UK’s fastest G7 growth this year, but warn that sustaining momentum across the country will be tough amid looming economic headwinds.
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