UK economy grows by 0.4% in second quarter as some businesses helped by World Cup and hot weather – business live

Live, rolling coverage of business, economics and financial markets as GDP rises in June despite Iran war after stagnating in May The US-Israeli war on Iran has been perhaps the dominant global economic narrative of 2026, but the effects on the UK economy still appear unclear, said the ONS. We know that higher oil prices have immediately fed through to higher inflation, but there has so far been limited evidence of what Bank of England governor Andrew Bailey has termed “second-order effects” of…