Published

UK economy grows 0.2% in August, in line with expectations

  • The UK GDP grew by 0.2 percent in August after showing no growth in July, as reported by the Office of National Statistics.
  • The services sector contributed to growth, increasing by 0.1 percent, while the production sector grew by 0.5 percent after a contraction in July.
  • Chancellor Rachel Reeves called the GDP figures 'welcome news' and noted they could ease concerns about the country's finances.
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