Business

The UK’s economy contracted by 0.1% in the second quarter, according to latest estimates. In June, GDP fell by 0.6%, services fell by 0.5%, manufacturing by 1.6% and construction by 1.4%, the Office for National Statistics said. The large drop in June was partly caused by the large reduction in services spending as coronavirus test
Water companies across the UK are being “strongly urged” to enforce a hosepipe ban. Environment Secretary George Eustice says some local providers “have rightly taken action to mitigate the effects of this prolonged dry weather” – but other utility companies are yet to follow suit. Writing in The Sunday Telegraph, Mr Eustice warned the “very
The “big four” supermarkets and several other retailers are failing to reduce petrol prices in line with falling wholesale costs, the RAC has warned. The roadside recovery firm said the wholesale cost of petrol has fallen by 20p since early June. However, UK retailers continued to increase their prices in June and only dropped their