ReferIndia News UK Economy Defies Expectations with Steady Growth Amid Challenges

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UK Economy Defies Expectations with Steady Growth Amid Challenges

Published on: Aug. 14, 2025, 2:34 p.m. | Source: Devdiscourse

The UK economy grew by 0.3% in Q2 2025, exceeding forecasts despite U.S. tariffs and a weaker job market. Finance Minister Rachel Reeves faces challenges in achieving budget goals, with potential tax hikes looming. Economic resilience is mirrored by increased public spending and business stockpiling ahead of tariffs.

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