‘Calm Before the Storm’: City Warns Healey Growth Spurt Won’t Last

UK fact of the day

The UK economy grew 0.4 per cent in July as the global AI boom helped deliver an unexpectedly robust start to the third quarter, in a boost to Prime Minister Andy Burnham as he prepares for a tough first Budget next month. Friday’s figure from the Office for National Statistics was far above the zero […]

‘Calm before the storm’: City warns Healey growth spurt won’t last

The UK economy’s surprise summer growth spurt is set to be “blown away” by a spike in energy prices and a recent surge in the cost of borrowing, economists have warned the government. Fresh figures revealed on Friday that the economy expanded 0.4 per cent in July, ahead of initial forecasts that predicted flat growth. But economists have warned ongoing fiscal pressures triggered by the US-Iran war ahead of the Budget will continue to weigh on th…

UK economy defies forecasts with surprise 0.4% growth in July – Net News 1

ICYMI: Unexpected GDP rise comes as borrowing costs and inflation risks mount ahead of Healey’s first budget The UK economy…

Experts react as UK GDP sees unexpected 0.4% growth

The UK economy grew by 0.4% in July, offering some encouragement ahead of next month’s much-anticipated Budget. Experts share their reactions and discuss what the latest data could mean for the economy as 2026 rolls on. Felix Feather, Economist at Aberdeen, said: “The UK’s GDP growth figures for July came in well ahead of expectations at 0.4% over the month. Economic activity has held up surprisingly well against the effects of the energy cost s…