UK economy grows faster than first thought amid service sector boost
Summary
The UK economy grew by 0.5% between April and June, according to the Office for National Statistics. This growth was higher than initially estimated and was driven by a boost in the service sector. The Independent reported that experts predict a tougher end to the year due to rising energy and fuel prices linked to the Iran war. The Office for National Statistics confirmed the GDP increase in multiple reports. The service sector's performance was a key factor in the revised growth figures.
Latest: The Office for National Statistics confirmed that the UK's GDP increased by 0.5% between April and June, revising earlier estimates upward.
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How it unfolded
Wednesday 30 September
The Office for National Statistics confirmed that the UK's GDP increased by 0.5% between April and June, revising earlier estimates upward.
- 03:37The IndependentUK economy grew ‘slightly larger’ than expected in pre-Budget boost to John Healey
- 02:23The IndependentUK economy grows faster than first thought amid service sector boost
- 02:23Evening StandardUK economy grows faster than first thought amid service sector boost