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UK Economy Grows By 0.6% in Third Quarter
BusinessNews

UK Economy Grows By 0.6% in Third Quarter

The UK economy has grown by 0.6% in the third quarter of this year according to new figures released today by the Office of National Statistics.

The economy, which grew from 0.4%, is seeing its fastest economic expansion since 2016. The strongest growth was seen throughout July, reportedly off the back of the Football World Cup and the heatwave.


Head of national accounts at ONS Rob Kent-Smith said: “The economy saw a strong summer, although longer term economic growth remained subdued.

“There are some signs of weakness in September with slowing retail sales and a fall back in domestic car purchases.

“However, car manufacture for export grew across the quarter, boosting factory output.

9th November 2018
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Public borrowing falls to a 16-year low
BusinessNews

Public borrowing falls to a 16-year low

Figures released today indicate that public borrowing fell to a 16-year low for the current financial year-to-date.

The Office of National Statistics today said that borrowing last month fell to an 11-year September low of £4.1bn, £800m less than the deficit stood a year ago.

The deficit stood at £19.9bn for the year to September, £10.7bn less than the same period a year ago and the lowest year-to-date since 2002.

The figures are a positive sign for the British economy as it moves closer towards leaving the European Union.

19th October 2018
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