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UK economy grows at fastest rate for more than two years

Published by BBC Business · United Kingdom 19 min ago
Young woman with suitcase, standing at reception deck in luxury hotel, waiting to check in - stock shot
Young woman with suitcase, standing at reception deck in luxury hotel, waiting to check in - stock shot · BBC Business

Detailed summary

The UK economy grew by 0.7% in the three months to September, according to official figures.

The UK economy grew at its fastest rate for more than two years in the three months to September.

Between July and September, the economy expanded by 0.7%, accelerating from the three months previously, official figures show.

The robust growth suggests a far more resilient consumer economy than expected over the summer.

Strong growth in the services sector - which includes things such as consultancy services and hotels and restaurants - helped drive the stronger growth.

Within services, computer programming registered its fastest growth for the past three years.

"We continue to see evidence that AI linked businesses helped to boost this sector," ONS chief economist Grant Fitzner said.

He said: "Despite a year where events around the world have pushed up costs here at home, our economy is growing, bringing hope for the future.

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