UK economy grew 0.1% in August ahead of Healey's first Budget
Summary
The UK economy grew by 0.1% in August, slightly more than expected, ahead of Chancellor John Healey's upcoming Budget. Growth was helped by production industries, while the services sector stayed the same and construction shrank.Key Facts
- The UK's economy grew 0.1% in August 2026.
- July's economic growth was 0.4%.
- Over three months to August, overall growth was 0.7%.
- Production industries like manufacturing, oil, gas, and energy boosted growth.
- The largest part of the economy, services, did not grow in August.
- The construction sector shrank during August and the three-month period.
- Computer programming was the main factor for the recent economic growth.
- The International Monetary Fund praised the UK’s growth prospects and debt-cutting plans.
- Chancellor John Healey plans to present his Budget later in October 2026.
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