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UK economy defies forecasts with surprise 0.4% growth in July

The Guardian World Friday 11 September 2026, 06:02 UTC By Heather Stewart Economics editor 1 min read
Key Points

Unexpected GDP rise comes as borrowing costs and inflation risks mount ahead of Healey’s first budgetThe UK economy grew in July despite the fallout from the Iran war, in welcome news for John Healey ahead of next month’s budget. Figures from the Office for National Statistics (ONS) showed a 0.4% increase in gross domestic product (GDP), compared with 0.3% growth in June.

Unexpected GDP rise comes as borrowing costs and inflation risks mount ahead of Healey’s first budget

The UK economy grew in July despite the fallout from the Iran war, in welcome news for John Healey ahead of next month’s budget.

Figures from the Office for National Statistics (ONS) showed a 0.4% increase in gross domestic product (GDP), compared with 0.3% growth in June.

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UK (LOCATION) Healey (ORG) the Iran war (EVENT) John Healey (PERSON) the Office for National Statistics (ONS (ORG)
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