UK Economy at the Crossroads: Construction Drags GDP While Oil and the LSE's Exodus Loom

The UK economy's modest first-half gains are on track to be reversed, with economists polling by Bloomberg projecting a 0.1 per cent GDP contraction for June. The primary culprit is a "sharp fall in construction activity," expected to have dropped by as much as 0.7 per cent in June alone, unwinding previous momentum. Meanwhile, the FTSE 100 hovers near all-time highs, but the London Stock Exchange itself is shrinking as a flood of companies depart.

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