Despite a stagnating economy in July, there were positive signs from the services sector, particularly in IT and health, showing growth over the last three months.
Chancellor Rachel Reeves acknowledged the difficult challenge ahead, stating she is 'under no illusion' about what needs to be done for economic improvement.
While there was stagnation in July, the output of services did rise month on month, giving some comfort that the UK is not sliding into recession.
Retail and hospitality sectors experienced an uptick in business during the European Championships, highlighting the complex impacts of sports events on the economy.
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