UK Economy Shows Modest Growth in August GDP Report Amid Budget Preparations
The UK economy reportedly returned to growth in August with a modest 0.1% expansion, according to the latest GDP report. This comes as Chancellor Rachel Reeves prepares an autumn budget that may include higher taxes on wealthy individuals.
UK Economy Returns to Modest Growth in August
The UK economy reportedly showed signs of recovery in August with modest expansion, according to the latest gross domestic product report. Sources indicate the economy grew by 0.1% during the month, marking a slight improvement from July when the economy reportedly flatlined.