UK economy flatlined in May with just 0.1% growth – what it means for your money

The UK economy barely grew by 0.1% in May, following a slight decline in April, as reported by the Office for National Statistics. This modest growth is in line with economists' expectations but signals a stagnant economic performance. Such stagnation raises concerns about the country's economic health and potential impacts on consumer spending and inflation, which could affect your day-to-day financial decisions. The slow growth underscores the need for effective economic policies to stimulate a stronger recovery.