UK Economy Remains Resilient Despite Iran War and Higher Energy Prices

The UK economy grew 0.4 per cent between April and June, official data has revealed, in a sign that businesses and consumers have so far weathered the worst shocks of the war in Iran. The growth figure from the Office for National Statistics was in line with analysts’ expectations but came alongside a surprise boost of 0.3 per cent in June, ahead of forecasts. Figures for May were revised down from 0.1 per cent growth to no growth. City economists polled by Bloomberg had predicted that growth in the second quarter would be 0.4 per cent while…