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UK economy slows amid political unrest, Middle East war

UK economy slows amid political unrest, Middle East war

By GhanaSummary NewsroomNigeria

(Photo by Kin Cheung / POOL / AFP) Britain’s economy slowed in the second quarter, the national statistics office reported Thursday, saying that output remained “robust” despite domestic political unrest and fallout from the US-Iran war.

Following Thursday’s data, the country’s new finance minister, John Healey, said that under Burnham, Labour was a “hands-on government, putting British interests first — giving breathing space to those feeling the strain, making our country more resilient and bringing hope back”.

Keir Starmer resigned as British prime minister in late June and was replaced around one month later by Andy Burnham, as the Labour government was overtaken in opinion polls by the hard-right party Reform UK.

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