UK economy grew 0.1% 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.
According to BBC News, the uptick helped the economy grow by 0.7% over the three months to August, official figures show.
The story is also being covered by CNBC. CNBC adds that the U.K. is grappling with a cost-of-living crisis sparked by sticky inflation and surging energy costs.
This business story centres on the United Kingdom. Names and organisations mentioned in the coverage include UK, Healey and Budget.
Why it matters
Business and economic news can ripple through prices, jobs, investments and household budgets. It is being reported by more than one news organisation.
Key details
- Location
- United Kingdom · Europe
- Reported by
- BBC News and CNBC
- First reported
- Key names
- UK, Healey, Budget
- Section
- Business
Sources
This is an independent summary. Read the full, original reporting from the publishers:
- BBC NewsUK economy grew 0.1% in August ahead of Healey's first Budget
- CNBCUK economy grew 0.1% in August, beating expectations
Spotted an error? Request a correction · How this summary was produced
Related Stories
Faisal Islam: What surprise praise for UK economy tells us about the Budget
On three occasions in the past 24 hours, top IMF officials have praised UK plans to reduce its annual levels of borrowing.
UK growth upgraded but energy prices and rates to bite in 2027
The IMF report comes as final preparations are being made to the first Budget under Prime Minister Andy Burham.
UK economy unexpectedly grows 0.1% in August despite fall in consumer spending
Latest data comes just two weeks before chancellor’s budget looks to help consumers traverse the cost of living crisis The UK economy unexpectedly…
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…
Wallace & Gromit maker Aardman falls short of return to profit
Aardman, the British animation studio behind the cheese-loving inventor Wallace and his beloved dog Gromit, has fallen short of a target to get back…
EU summit to focus on China, Ukraine and bloc budget
EU leaders meeting in Brussels will examine measures to curb the bloc's huge trade deficit with China.
India’s IDBI Bank falls 7% as government announces $5.5 billion stake sale to Canada's Fairfax
The Indian government has been divesting its stake in several state-owned companies this year as it tries to keep its growth engine running amid…
Thousands of NI workers to get pay bump as Real Living Wage rises
About 6,000 workers in NI are paid the Real Living Wage - which is voluntarily paid to reflect the cost of living.