3 sourcesHeat 5.9Updated 5h ago

AI boom helps drive surprise UK growth in July

3 articles from The Guardian Business, The Guardian World, BBC News.

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The Guardian BusinessWire / record5h ago

UK economy beats expectations in July amid AI boom; four interest rate hikes expected by next summer – business live

Rolling coverage of the latest economic and financial news Digging into today’s GDP report a little, we can see that the UK services sector had a decent July, with growth in 11 of its 14 subsectors. According to the ONS, the fastest growth was recorded in: professional ,…

The Guardian WorldWire / record5h ago

UK economy unexpectedly grows 0.4% in July boosted by AI

Welcome boost for chancellor with unexpected rise put down to rapid growth of AI in services sector outweighing Iran war fallout The UK economy grew in July as the rapid expansion of AI appeared to outweigh the economic damage from the Iran war, in a welcome boost for John…

BBC NewsWire / record5h ago

AI boom helps drive surprise UK growth in July

The economy expanded by 0.4%, official figures show, whereas analysts had predicted no growth.