UK Economy: Growth Falters, Inflation Rises – Practical Takeaways for Business Owners
Business owners across the UK are navigating an increasingly complicated economic landscape. Inflation has edged up once more, and recent data reveals that the economy has contracted for two consecutive months. So, what’s really happening — and what steps should you be considering as a business owner? Inflation Ticks Up Again According to the latest data from the Office for National Statistics, inflation increased to 3.6% in the year to June, up from 3.4% in May. This marks the sharpest monthly rise since January 2024, largely driven by higher prices for motor fuel and food. Notably, food price inflation has [...]







