UK economy grows by 0.7% in third quarter despite high oil prices
Why This Matters
Key context: <p>ONS also says GDP rose 0.2% month on month in September, in a boost to the chancellor, John Healey</p><p>The UK economy grew by 0.7% in the third quarter, as expected by City analysts, confirming that consumers and businesses remained resilient despite high oil and gas prices.</p><p>The Office for National Statistics said a jump in the cost of petrol, diesel and natural gas prices following the re-escalation of the conflict in the Middle East played an important role in restricting economic growth in the three months to the end of September.</p> <a href="https://www.theguardian.com/business/2026/nov/12/uk-economy-grows-third-quarter-oil-price-ons-gdp">Continue reading...</a> This development from The Guardian highlights ongoing changes in the sector.
ONS also says GDP rose 0.2% month on month in September, in a boost to the chancellor, John HealeyThe UK economy grew by 0.7% in the third quarter, as expected by City analysts, confirming that consumers and businesses remained resilient despite high oil and gas prices.The Office for National Statistics said a jump in the cost of petrol, diesel and natural gas prices following the re-escalation of the conflict in the Middle East played an important role in restricting economic growth in the three months to the end of September. Continue reading...
Curation & Context
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