The UK economy grew slightly in August, while survey data points to a more recent improvement in business conditions.

Second quarter data released last month by the Office for National Statistics (ONS) confirmed that UK economic growth did slow between April and June after an unusually strong expansion during the first three months of the year.

Figures published last month by the Office for National Statistics (ONS) showed the UK economy unexpectedly shrank in May, while more recent survey evidence suggests output remained lacklustre at the start of the third quarter.

Although recently released ONS data did reveal that the UK budget deficit is currently on track to meet official forecasts, government concessions regarding the Welfare Bill inevitably look set to make the Chancellor’s Budget balancing act more challenging.

The UK economy unexpectedly grew in the final three months of last year, although more recent evidence still points to a sluggish outlook

The Chancellor outlined her plan to boost economic growth during a speech in Oxford

OBR projections suggest Labour's first budget will provide "temporary boost" to UK economic output.

National debt could triple over the coming decades

In early August, the Bank of England (BoE) sanctioned the first reduction in interest rates since March 2020

While last month once again saw the Bank of England (BoE) leave interest rates unchanged at a 16-year high ...

Last month’s release of first-quarter gross domestic product (GDP) statistics confirmed the UK economy has now exited the shallow recession

Official statistics published last month showed the UK economy returned to growth in the first two months of 2024...

New economic predictions produced by the Office for Budget Responsibility (OBR) suggest the UK economy is set to ...