UK economy unexpectedly grows 0.4% in July boosted by AI
The UK economy grew in July as the rapid expansion of AI appeared to outweigh the economic damage from the Iran war, in a welcome boost for John Healey. Figures from the Office for National Statistics (ONS) showed a surprise 0.4% increase in gross domestic product (GDP), compared with 0.3% growth in June. City economists had forecast zero growth. The figures suggested the economy continued to be robust despite the fallout from the Iran war, which has raised energy costs and led to higher interest rates than were…

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