UK Economy Grows by 0.2% in August mdi-fullscreen

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…

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