UK economy beats forecasts with 0.4% growth in July – business live

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Guardian Business

UK economy beats forecasts with 0.4% growth in July – business live

Rolling coverage of the latest economic and financial news England’s sensational run to the third-fouth playoff in the Men’s football world cup, and the heatwave, both affected the UK economy in July, the ONS says. But computer programming was a major factor behind July’s growth, as the AI boom pushed up activity. “Growth remained relatively robust in the latest three months, as ongoing strength in the services secto…

11 Sept, 06:14

The Guardian

UK economy defies forecasts with surprise 0.4% growth in July

Unexpected GDP rise comes as borrowing costs and inflation risks mount ahead of Healey’s first budget The UK economy grew in July despite the fallout from the Iran war, in welcome news for John Healey ahead of next month’s budget. Figures from the Office for National Statistics (ONS) showed a 0.4% increase in gross domestic product (GDP), compared with 0.3% growth in June. Continue reading...