The UK might, by the skin of its teeth, avoid entering recession when the official figures come out next month.
There’s good news – sort of – with official figures showing that in July the economy grew a tiny amount.
According to the Office for National Statistics, Britain was 0.3% more productive than in the same month the year before.
Construction, manufacturing and the all-important services sectors all grew, although agriculture fell.
Thanks to this growth it means the UK economy produced exactly the same amount as the year before over three months.