Rolling coverage of the latest economic and financial news, including the latest UK growth reportResponding to today’s GDP report, a Treasury spokesman has conceded that the economy feels ‘stuck’, saying:“We have seen the fastest growth in the G7 since the start of the year, but for too many people our economy feels stuck. Working day in, day out without getting ahead.The Chancellor is determined to turn this around by helping businesses in every town and high street grow, investing in infrastructure and cutting red tape to get Britain building.”“Economic growth increased slightly in the latest three months. Services growth held steady, while there was a smaller drag from production than previously.“Continued strength in business rental and leasing and healthcare were the main contributors to services growth, partially offset by weakness in some consumer facing services, while wholesalers also fared poorly.” Continue reading...
Saturday 18 October 2025
theguardian - 2 days ago
UK economy returns to growth in August with 0.1% rise in GDP – business live
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