UK economy unexpectedly grows in August despite fall in consumer spending
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Latest data showing surprise 0.1% growth is boost to John Healey a fortnight before his first budgetBusiness news – live updatesThe UK economy unexpectedly continued to grow in August despite a fall in consumer spending before John Healey’s first budget as chancellor.Figures from the Office for National Statistics showed gross domestic product (GDP) rose by 0.1% last month, compared with 0.4% growth in July. That confounded a forecast by City economists of a 0.1% contraction. Continue reading...
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