Rolling coverage of the latest economic and financial news after UK growth figures were released for August
UK chancellor Rishi Sunak has reacted to the GDP data, saying:
Today’s figures show our economy has grown for 4 consecutive months, but I know that many people are worried about the coming winter months.
Throughout this crisis, my single-focus has been jobs – protecting as many jobs as possible, and providing support for people to find other opportunities where this isn’t possible. This goal remains unchanged.
Digging further into the UK GDP data, the 2.1% rise in August marks the fourth consecutive monthly increase since GDP plunged by a record 19.5% in April.
UK GDP is now 21.7% higher than its April low.