- The UK economy grew by 0.5 per cent in the second quarter of 2025, upgraded from a previous estimate of 0.4 per cent due to strong services sector output.
- Warm weather and the start of the World Cup helped boost trade in June, while an AI spending boom contributed to a surprise 0.4 per cent GDP growth in July.
- The Office for National Statistics revised overall economic growth for 2025 down to 1.2 per cent from 1.3 per cent following revisions to earlier data.
- Experts warn that rising energy and fuel prices caused by the war in Iran will slow economic growth during the second half of the year.
- Household energy bills are forecast to rise by 16 per cent in January, marking the largest single increase in four years.
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