Roundup: UK growth falling behind leading economies

Laura Miller
clock

Britain has underperformed all the world's leading economies over the past year except tsunami-hit Japan, figures from the Organisation for Economic Co-operation and Development (OECD) show.

UK growth in the three months to June of 0.2% was equal to growth rate across the OECD region as a whole, as well as the eurozone. Telegraph MORE Bank shares dived on Monday despite a widespread rally across Europe's major stock markets as questions were raised about their ability to fund themselves. Shares in RBS slid below 20p for the first time since March 2009, making it the biggest faller in the FTSE 100 despite the blue-chip index closing up 1.1%. Barclays and Lloyds also saw their shares sink to levels not seen since early 2009, as bank shares made up four of the 10 largest fa...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

IFS: Reeves must plug £22bn fiscal hole to restore 'tiny' headroom

IFS: Reeves must plug £22bn fiscal hole to restore 'tiny' headroom

Think tank urges chancellor to avoid 'limping from one forecast to the next'

Linus Uhlig
clock 16 October 2025 • 2 min read
Why higher bond yields aren't causing a Mini-Budget meltdown

Why higher bond yields aren't causing a Mini-Budget meltdown

'One thing we know about Rachel Reeves is she will live or die by her fiscal rules'

Laith Khalaf
clock 07 October 2025 • 5 min read
City 'has lost sympathy with this Labour government' - George Osborne

City 'has lost sympathy with this Labour government' - George Osborne

Former chancellor defends the OBR

Michael Nelson
clock 01 October 2025 • 3 min read