UK economy grows by 0.7% in third quarter - fastest rate in two years in boost for Burnham

UK economy grows by 0.7% in third quarter – fastest rate in two years in boost for Burnham - Bookmark - CommentsGo to comments Become an Independent member to bookmark this article Already a member? Log in The UK economy grew by 0.7 per cent between July and September, the Office for National Statistics said. That follows growth of 0.5 per cent in the second quarter. Growth has been boosted by business investment, with spending on areas such as technology, infrastructure and defence becoming a key source of growth in the economy, experts said earlier. This is helping to offset the impact of higher energy prices on households and businesses since the start of the Iran war. The AI spending boom was a contributor to higher GDP in July, with the ONS saying that many of the businesses reporting the largest turnover were involved in activities related to AI and cloud computing. More follows on this breaking news story. Subscribe here to get the latest updates from The Independent. Join our commenting forum Join thought-provoking conversations, follow other Independent readers and see their replies Comments [Image text:] BREAKING NEWS