Home Business news UK economy expands as GDP rises by 0.1% in August ahead of...

UK economy expands as GDP rises by 0.1% in August ahead of crucial budget

62

Lift in latest data keeps UK on track to be among the fastest-growing major economies this year

The UK economy expanded by 0.1% in August, according to official figures, giving a lift to Rachel Reeves ahead of next month’s crucial budget.

After the economy flatlined in July, the Office for National Statistics said gross domestic product had improved the following month. It keeps the UK on track to being one of the fastest-growing major economies this year.

Continue reading…Lift in latest data keeps UK on track to be among the fastest-growing major economies this yearThe UK economy expanded by 0.1% in August, according to official figures, giving a lift to Rachel Reeves ahead of next month’s crucial budget.After the economy flatlined in July, the Office for National Statistics said gross domestic product had improved the following month. It keeps the UK on track to being one of the fastest-growing major economies this year. Continue reading…