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UK economy unexpectedly grows 0.1% in August
Original: UK economy unexpectedly grows 0.1% in August despite fall in consumer spending By Richard Partington Senior economics co
UK GDP grew by 0.1% in August, defying expectations of a contraction even as consumer spending fell, according to Guardian economics correspondent Richard Partington. The data arrives two weeks before the chancellor's budget, which is expected to include measures to help households through the cost of living crisis. Commentators are weighing whether the modest growth will ease pressure on the government or prove a brief reprieve.
Why now: The surprise growth figures land just weeks before the UK budget, shaping debate over the chancellor's economic plans.
UK economyRichard PartingtonThe GuardianUK Treasury
Evidence
- UK economy unexpectedly grows 0.1% in August despite fall in consumer spending By Richard Partington Senior economics correspondent Latest data comes just two weeks before chancellor’s budget looks to help consumers traverse the cost of living crisis https://www.… · guardianfeeds@rssfeed.media · 1
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