UK economy hit by ‘renewed signs of stress’ as growth slows business live

News Snapshot:

02.45 EDT Introduction: UK economy set to slow in 2023 and 2024 Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Anxiety over the health of the UK economy is rising, as economists fear that high interest rates have hurt growth. Economists at KPMG have predicted that UK growth will slow sharply in the second half of this year, as high interest rates, continued uncertainty and low productivity weigh on the economy. They fear the UK could “struggle to keep its head above water in the second half of the year”, as...