Economy Grew in August, Figures Show

The UK economy grew in August after remaining flat in the previous two months, according to the latest official figures, in a slight boost for Chancellor Rachel Reeves ahead of her first Budget at the end of this month. The Office for National Statistics (ONS) said GDP had recorded 0.2 percent growth in August, up from no growth in June or July, when Labour won the general election. This was in line with economic forecasts, with Reeves’s Budget still expected to be one of cuts to public spending and increases to some taxes, especially for higher rate tax payers, although not to general taxation....