Business news live: UK economy grew 0.3% in second quarter but production in decline

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"Rachel Reeves is expected to announce further tax rises in her Budget though the nature of them is still uncertain, with the chancellor saying Britain continues to encounter harsh global headwinds which are preventing further growth. Elsewhere in the British business landscape, Jaguar Land Rover are finally to restart some production after a month-long stoppage caused by a cyber attack, while GSK have announced an impending change at the top after Emma Walmsley stepped down as CEO."

The Independent emphasizes on-the-ground reporting across topics including reproductive rights, climate change and Big Tech and seeks donations to fund paywall-free journalism. UK GDP recorded zero month-on-month growth in July and 0.3 per cent growth in the second quarter, marking a slowdown from the first quarter of 2025 partly because some activity was brought forward ahead of a stamp duty rise. Chancellor Rachel Reeves is expected to announce further, unspecified tax rises amid global headwinds. Jaguar Land Rover will resume production after a month-long cyberattack stoppage, and GSK faces a leadership change after Emma Walmsley stepped down as CEO.

Read at www.independent.co.uk