Spread of Delta variant slowed UK economy to crawl in July

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Official data shows Britain's economy barely grew in July, as the spread of the Delta variant of Covid-19 took hold following the easing of lockdown restrictions.

Economic output rose just 0.1 per cent in July, the Office for National Statistics said, the smallest monthly increase since January when Britain went into a new national lockdown

Economists polled by Reuters had mostly expected month-on-month growth of 0.6pc in gross domestic product. Only two of the 26 analysts had expected such a weak reading.

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Workers walk towards the City of London financial district as they cross London Bridge during the morning rush hour in London, Britain on September 8. — Reuters
Workers walk towards the City of London financial district as they cross London Bridge during the morning rush hour in London, Britain on September 8. — Reuters

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