UK economy rebounds in August in boost to new govt …C0NTINUE READING HERE >>>
Finance minister Rachel Reeves will present the new UK government’s first budget on October 30.
Photo: Darren Staples / POOL/AFP/File
Source: AFP
Britain’s economy bounced back in August, official data showed Friday, boosting the new Labour government ahead of its maiden budget later in October.
Gross domestic product grew 0.2 percent in the reported month compared with July, when output stalled, the Office for National Statistics said in a statement.
The rise in economic growth was in line with analysts’ expectations after GDP flatlined in June and July.
It also provides a timely…
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