UK economy grew 0.1% in August ahead of Healey’s first Budget

UK economy grew 0.1% in August ahead of Healey’s first Budget

HomeNewsUS & CanadaUKUK PoliticsEnglandN. IrelandN. Ireland PoliticsScotlandScotland PoliticsWalesWales PoliticsAfricaAsiaChinaIndiaAustraliaEuropeLatin AmericaMiddle EastIn PicturesBBC InDepthBBC VerifySportBusinessWorld of BusinessTechnology of BusinessNYSE Opening BellTechnologyWatch DocumentariesArtificial IntelligenceIntelligence RevolutionAI v the MindTech NowHealthWatch DocumentariesCultureWatch DocumentariesFilm & TVMusicArt & DesignStyleBooksEntertainment NewsArtsWatch DocumentariesArts in MotionTravelWatch DocumentariesDestinationsAfricaAntarcticaAsiaAustralia and PacificCaribbean & BermudaCentral AmericaEuropeMiddle EastNorth AmericaSouth AmericaWorld’s TableCulture & ExperiencesAdventuresThe SpeciaListTo the Ends of the Earth EarthWatch DocumentariesScienceNatural WondersClimate SolutionsSustainable BusinessGreen LivingAudioPodcast CategoriesRadioAudio FAQsVideoWatch DocumentariesBBC MaestroDiscover the WorldLiveLive NewsLive SportDocumentariesSite searchHomeNewsSportBusinessTechnologyHealthCultureArtsTravelEarthAudioVideoLiveDocumentariesWeatherNewslettersUK economy grew 0.1% in August ahead of Healey's first BudgetJust nowShareSaveAdd as preferred on GoogleArchie MitchellBusiness reporterGetty ImagesThe UK's economy grew slightly in August, according to the last set of official figures before John Healey's Budget.

With the chancellor planning to set out his tax and spending plans at the end of the month, the Office for National Statistics said the economy expanded by 0.1% in the month.

The small increase follows growth of 0.4% in July, as well as positive upgrades to the outlook for Britain's economy from global watchdog the International Monetary Fund (IMF).

But Healey still faces a challenge to to deliver a balanced Budget without turning to more borrowing.

📰 Original Source Attribution

Reported by bbc.com.

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