The UK economic system returned to development in August as producers and retail companies had a “robust” month, official figures present.
The economic system expanded by 0.2% within the month after flatlining for 2 months earlier than, the Workplace for Nationwide Statistics (ONS) stated.
Nevertheless, the ONS warned the “broader image” within the UK was one in all “slowing development in current months”.
The newest figures come as the federal government prepares for the Funds on the finish of October.
Prime Minister Sir Keir Starmer has warned the Funds will probably be “painful”, with the federal government admitting some taxes will rise.
Liz McKeown, director of financial statistics on the ONS, stated accounting, bookkeeping and auditing companies had helped to spice up the economic system alongside retail and producers.
She added development additionally bounced again from July’s downturn, with new infrastructure initiatives beginning up, however added: “The broader image is one in all slowing development in current months, in comparison with the primary half of the yr.”
The Chancellor, Rachel Reeves, who is about to ship her first Funds on 30 October, stated she welcomed the return to development.
“Rising the economic system is the primary precedence of this authorities so we are able to repair the NHS, rebuild Britain, and make working individuals higher off,” she stated.
