19/10/2026
The UK economy grew by 0.4% in July, beating expectations of no growth and building on the 0.3% growth recorded in June.
One interesting factor behind the figures is the continued growth of the technology sector, with the Office for National Statistics reporting that some of the IT businesses seeing the strongest turnover appear to be linked to artificial intelligence.
It’s an encouraging sign for UK businesses, particularly across the technology and services sectors, although the wider economic picture remains mixed.
With the October Budget on the horizon, we’ll be keeping an eye on what the latest economic figures could mean for businesses and sharing the key developments with our clients.