The UK economy grew by 0.1% in August, according to official figures released ahead of the chancellor’s first Budget.
The monthly increase contributed to overall growth of 0.7% in the three months to August. The figures provide the latest assessment of economic performance before the Budget is delivered.
No further detail on the areas of the economy behind the growth was supplied. The August result and the three-month figure are the key measures included in the latest update.
The figures are expected to form part of the economic backdrop to the chancellor’s first Budget. The latest known position is that the economy expanded during August and recorded stronger growth across the three-month period ending that month.
