UK economic growth slowed between April and June, according to figures from the Office for National Statistics, but was better than expected.
The economy expanded by 0.3%, down from 0.7% in the first three months of the year. 
Stuart Morrison, Research Manager at the British Chambers of Commerce, said: “Better than expected data for both Q2 and the month of June are welcome – but the numbers mask the underlying pain being felt by businesses across the UK.
“Without thriving firms the economy will continue to struggle. We saw better than expected growth at the start of the year, largely because of stockpiling ahead of US tariffs.
“However, tax burdens at home, alongside uncertain global trading conditions, created a very challenging environment for the UK’s SMEs in Q2. The impact of April’s national insurance hike is now clear, with our latest survey showing investment and recruitment hit.
“Long-term strategic plans from Government on industry, infrastructure and trade have been widely welcomed by businesses. But with the focus now on delivery, persistent cost pressures mean firms are left with one hand tied behind their back.
“There must be no more business taxes in the Autumn budget. Our recently published Blueprint for Growth document offers Government practical ways forward, to help businesses invest, recruit and trade.”
Join Somerset Chamber of Commerce to give your business a stronger voice both locally, regionally and nationally. Combined with local town chambers, we represent over 2,000 businesses across Somerset with a direct line to policy-makers at all levels.
