5 Hrs
Source:
The Guardian
UK economy slightly revised upward
The UK economy experienced faster-than-expected growth in the second quarter, with GDP revised to 0.5%, driven primarily by the services and construction sectors. Despite disruptions from the Iran war, the economy is now estimated to be slightly larger than previously thought, although growth for 2025 was revised downward. Additionally, household energy bills are projected to increase significantly from January due to rising gas prices, and business investment showed signs of increased activity, potentially linked to AI-driven growth.
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