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UK Economy Stagnated in July as Headwinds Grow Before Budget

The UK economy stagnated in July, marking a tepid start to the third quarter as consumers and businesses come under pressure from tax rises with the possibility of more to come at the crucial autumn budget.Gross domestic product was unchanged over the month, a slowdown from the 0.4% growth in June, the Office for National Statistics said on Friday. It was in line with median forecast of economists surveyed by Bloomberg. Services barely grew and manufacturing plunged....

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