Business

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

BBC Business · 2026-10-15

AI SUMMARY

• What happened: UK economy grew 0.1% in August ahead of Healey's first Budget The 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 econo... • Why it matters: This update may be relevant for Cyprus residents, visitors, businesses or policymakers. • What to watch next: Follow CyprusDailyLife for updates.

The 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.

Source: BBC Business
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