UK economy returns to growth August after two stagnant months


The UK economy grew in August after two months of being flat, the latest official figures show.

Gross domestic product (GDP) has recorded a 0.2 per cent growth in August, an increase on no growth in June and July, figures from the Office for National Statistics (ONS) said.

While growth was already forecast in economic predictions, it will come as a boost for new Chancellor Rachel Reeves ahead of the autumn budget on October 30.

ONS director of economic statistics Liz McKeown said: “All main sectors of the economy grew in August, but the broader picture is one of slowing growth in recent months, compared to the first half of the year.

“In August, accountancy, retail and many manufacturers had strong months while construction also recovered from July’s contraction.

“These were partially offset by falls in wholesaling and oil extraction.”

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