UK economy registers 'surprise' expansion in July

GDP growth swings up to 0.4% amid record heatwave and AI spend

clock • 3 min read
UK growth in July surprised economists, with AI and technology spending helping to boost services output
Image:

UK growth in July surprised economists, with AI and technology spending helping to boost services output

The UK economy recorded 0.4% growth in July as the services sector was boosted by the hot weather and tech spending.

Monthly GDP growth was again buoyed by strong services growth (0.4%), but also an expansion of production (0.2%) and construction (0.1%) output, according to Office for National Statistics (ONS) fi...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

UK economy registers 'surprise' expansion in July

UK economy registers 'surprise' expansion in July

GDP growth swings up to 0.4% amid record heatwave and AI spend

clock 11 September 2026 • 3 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

LCP sole trustee service, Barnett Waddingham becomes Howden, Standard Life results

Professional Pensions
clock 11 September 2026 • 1 min read
VfM framework must look past investment performance and charges, says IGG

VfM framework must look past investment performance and charges, says IGG

Trustee firm says framework’s proposed service quality measures are ‘too basic’

Martin Richmond
clock 10 September 2026 • 2 min read
Trustpilot