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AI helped the UK defy expectations – but will Britain’s resilience fizzle out?

Key Points

Despite John Healey’s defiance, the economy faces threats from a tech slowdown and energy bills this winterAI helps UK economy grow at fastest pace for more than two yearsThe forecasters were clear when John Healey became chancellor in July: Britain’s resilience to the war in the Middle East would not last. The global economic headwinds were too strong, inflation was beginning to rise and growth would slow to a trickle. Four months into the job, the economy is continuing to defy expectations...

Despite John Healey’s defiance, the economy faces threats from a tech slowdown and energy bills this winter

The forecasters were clear when John Healey became chancellor in July: Britain’s resilience to the war in the Middle East would not last. The global economic headwinds were too strong, inflation was beginning to rise and growth would slow to a trickle.

Four months into the job, the economy is continuing to defy expectations after growing by 0.7% in the third quarter – the fastest expansion in two and a half years – leaving the UK as the second-fastest growing G7 economy this year.

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AI (ORG) UK (LOCATION) Britain (LOCATION) John Healey’s (PERSON) John Healey (PERSON) the Middle East (LOCATION) G7 (ORG)
Originally published by The Guardian UK Read original →