Skip to content
Markets
Economics

UK Economy Nears Stagnation as Companies Report Slower Demand

  • Index of private-sector growth falls to 50.9, est. 51
  • British firms are struggling to cope with soaring prices
Idle gantry cranes during a strike at the Port of Felixstowe.

Idle gantry cranes during a strike at the Port of Felixstowe.

Photographer: Chris Ratcliffe/Bloomberg

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

The UK economy almost ground to a halt in August as falling demand and a shortage of labor and materials disrupted work of all kinds, a closely-watched survey showed.