‘More pain’ to come after economic slowdown

Thanks for joining me. The economy grew at a slower pace in the second quarter of the year, official figures show, under pressure from the Iran war.The UK’s gross domestic product (GDP) expanded by 0.4pc between April and June, down from 0.6pc in the first three months of the year, according to the Office for National Statistics.The figures underline the challenge that the conflict poses for Andy Burnham, who has pledged to deliver “growth in every postcode”.The Prime Minister has already been warned that the economy will slow further next year if Donald Trump continues his war in the Middle East.Treasury officials have predicted UK growth of just 0.3pc in 2027 if the Strait of Hormuz stays blocked for the rest of this year.That is far lower than the 1.6pc predicted by the Office for Budge