Responding to the latest ONS GDP statistics, which indicate that UK economy showed no growth in July, Muniya Barua, Deputy Chief Executive at BusinessLDN, said:
“With GDP flat for a second straight month in July, it’s vital that next month’s Budget puts growth front and centre, focusing on measures that will unlock private investment and boost productivity. These should include agreeing a multi-year funding deal for Transport for London to keep the city moving and support the network’s £5.9 billion UK-wide supply chain, delivering on devolution pledges to support local growth and overhauling the apprenticeship levy to increase take-up.”