UK GDP rose by 0.1 percent in July, representing its smallest rise since January.

This figure is below the 0.5 percent growth that was predicted. However, this is not unexpected given the “pingdemic” which saw many isolate. In turn, this dampened spending and led to supply constraints in both labour and product markets.

However, Rupert Thompson, chief investment officer at Kingswood, said there is no need to panic yet as growth should be faster in August.

He did ...