World News
UK economy unexpectedly grows in August despite fall in consumer spending
Source: World news | The Guardian · Published
Latest data showing surprise 0.1% growth is boost to John Healey a fortnight before his first budget Business news – live updates The UK economy unexpectedly continued to grow in August despite a fall in consumer spending before John Healey’s first budget as chancellor. Figures f
Latest data showing surprise 0.1% growth is boost to John Healey a fortnight before his first budget Business news – live updates The UK economy unexpectedly continued to grow in August despite a fall in consumer spending before John Healey’s first budget as chancellor. Figures from the Office for National Statistics showed gross domestic product (GDP) rose by 0.1% last month, compared with 0.4% growth in July. That confounded a forecast by City economists of a 0.1% contraction.
Continue reading...
Related stories
Tech stock sell-off intensifies as markets fret about AI; UK growth beats forecasts in August – business live
Rolling coverage of the latest economic and financial news, as chip shares tumble, UK growth beats forecasts and John Healey attends the IMF meeting in Bangkok Today’s better-than-forecast UK growth report is good news for chancellor John Healey as he hobnobs with other finance m
Business | The Guardian ·
UK economy sees surprise growth in August ahead of Healey's first Budget
The uptick helped the economy grow by 0.7% over the three months to August, official figures show.
feeds.bbci.co.uk ·
John Healey ‘targets tax crackdown on online marketplaces’ in first budget
Move aimed at firms such as Amazon and eBay could raise up to £1bn more for Treasury, says report A tax crackdown on online marketplaces such as Amazon and eBay that could raise up to £1bn more for the Treasury is reportedly being drawn up for John Healey’s first budget. The chan
Business | The Guardian ·
UK households have paid extra £13,961 on bills since 2021 amid soaring inflation, TUC says
Trades Union Congress urges chancellor to tackle rising additional living costs in this month’s budget UK households have paid almost £14,000 on average in additional costs for mortgages, loans, energy and water bills over the past five years, according to a report urging the cha
World news | The Guardian ·
