UK economy stalls in second quarterRachel Reeves is facing intense pressure after new figures showed growth in the UK economy stalling. The UK economy grew at a sluggish pace of 0.3 per cent in the second quarter of the year, official data has shown, another major setback for Chancellor Rachel Reeves’ as she hopes to oversee higher growth. The Office for National Statistics left its growth figure unchanged from a previous estimate as it confirmed its figures for growth in the second quarter, which is likely to be viewed cautiously by Treasury officials. Over a year’s period, the UK economy grew slightly higher than expected at 1.4 per cent,Its latest publication may spoil the mood at the Labour Party conference in Liverpool, with a ‘business day’ on Monday seeing government officials hear from private sector chiefs on tax and regulation. Among those attending were representatives from major industry groups such as the Confederation of British Industry (CBI) and the British Chambers of Commerce (BCC) as well as bank chiefs from the likes of Citigroup UK.