LONDON DAILY ARCHIVE

United Kingdom Economy Contracts for Second Consecutive Month as Private Sector Weakens and Job Loss Fears Rise

The British economy shrank for a second consecutive month in June, with the S&P Global composite output index falling to 49.4, a 14-month low that signals deepening stagnation across the private sector and growing pressure on employment conditions.

23 June 2026 · 10:14 UTC