UK economy grew 0.2% in August, driven by all major sectors, as per Office for National Statistics.
The UK's economy grew by 0.2% in August, following two months of stagnation, according to the Office for National Statistics. All major sectors contributed, with services up 0.1%, production rising 0.5%, and construction increasing by 0.4%. Chancellor Rachel Reeves welcomed the growth as a positive sign ahead of the autumn Budget, despite concerns about slowing overall growth compared to earlier in the year.
October 11, 2024
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