UK economic growth slows in August despite ‘eat out to help out’

GDP rose 2.1% but is lower than expected as Covid lockdown measures were relaxed

Britain’s economic recovery from the coronavirus pandemic slowed in August despite the government’s eat out to help out scheme fuelling a rise in consumer spending.

The Office for National Statistics (ONS) said gross domestic product rose by 2.1% in August compared with the previous month as the rebound faltered in the late stages of summer before new restrictions were imposed, falling short of expectations among City economists for a monthly growth rate of 4.6%.

Continue reading…