The UK economy grew by almost seven per cent in July but Britain's rebound from the coronavirus crisis is slowing down with GDP still almost 12 per cent below pre-lockdown levels. The Office for National Statistics announced this morning that UK GDP had grown by 6.6 per cent in July - the third consecutive month of growth. Hopes of a swift recovery from the crisis also took a hit as the speed of the bounce back slowed following 8.7 per cent growth which was recorded in June. 'The UK economy is currently in a period of temporary calm, with activity buoyed by the government's emergency support measures and the unwinding of pent-up customer demand as more parts of the economy reopened. James Smith, research director at the Resolution Foundation think tank, said: 'The UK economy continued to rebound over the summer as lockdown restrictions eased.

Source: Daily Mail September 11, 2020 09:54 UTC