GDP slows to just 0.3% growth in second quarter – what it means for YOU

THE UK’s economy grew in the three months to June but slowed on the first quarter of the year.

The latest figures from the Office for National Statistics (ONS) reveal Gross Domestic Product (GDP) grew by 0.3% between April and June.

Close-up of British banknotes: £5, £10, £20, and £50 notes.

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The UK economy has grown but slowed compared to the start of the yearCredit: Getty

However, this is lower than the 0.7% recorded between January and March.

GDP grew in the second quarter of the year mostly due to the services and construction sectors.

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