UK economy contracts by larger-than-expected 0.5% in July - ONS

British economic output contracted by a larger-than-expected 0.5% in July, figures from the Office for National Statistics showed on Wednesday.

A Reuters poll of economists had pointed to a contraction in gross domestic product (GDP) of 0.2% from June.

Also Read: British realised ruling India difficult as army turned nationalistic under INA influence: Adm Arun Prakash