UK economy unexpectedly grows 0.1% in August despite fall in consumer spending

The UK economy unexpectedly continued to grow in August, recording a 0.1% increase in gross domestic product (GDP) despite a decline in consumer spending. This data comes just two weeks before Chancellor John Healey is set to present his budget aimed at helping consumers navigate the ongoing cost of living crisis.

Figures released by the Office for National Statistics indicated that the economy grew by 0.1% last month, a decrease from the 0.4% growth seen in July. City economists had anticipated a contraction of 0.1%.