The UK economy finally shook off its summer slump, as latest figures show GDP rose by 0.2% in August after two months of stagnation—just in time for Rachel Reeves’ pre-budget spin. The ONS confirmed what City experts predicted: the economy is crawling along, though at least it’s not quite flatlining anymore….
Still, Britain’s services sector, the backbone of the economy, barely moved, ticking up by just 0.1%, with a boost from professional and scientific industries. More interestingly, the struggling production sector—led by manufacturing—saw a 0.5% lift, recovering from a dismal 0.7% drop in July. Even construction rebounded with a 0.4% rise after a dip the previous month. Some good news for ‘gloom and doom’ Reeves…
Starmer was read out a list of his 13 U-turns on BBC Radio 2, to which he responded:
“Well, I am a common sense merchant.”