UK economy ‘slightly larger’ than previously thought after Q2 growth revised up; Greggs proposes 740 job cuts – business live
Revised data show the United Kingdom’s economy grew more in the second quarter than earlier estimates, indicating a slightly larger output. The upward revision comes from updated GDP data showing stronger services performance. Meanwhile, bakery chain Greggs announced plans to cut around 740 jobs as part of a cost‑saving effort, citing a slowdown in sales and rising costs. Both developments were noted in business coverage.