Stagflation is increasing its grip on the UK economy
From notayesmanseconomics.wordpress.com
Today has brought us up to date on the latest growth figures from the UK economy and they are something of a disappointment. Monthly GDP is estimated to have grown by 0.1% in August 2025, following a fall of 0.1% in July 2025 (revised down from no growth in our previous bulletin) and a growth of 0.4% in June 2025. We are in effect back where we thought we were before this release because the downwards revision for July cancels out the August rise. I had Sky News on earlier and they have missed the revision. But the important point is rather troubling because whilst the ersatz quarterly figure is relatively okay it ...
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