UK GDP grew by 0.4% in July | Paul Kelso analysis

The UK economy grew by 0.4% in July, beating expectations of little or no growth.

Sky's Paul Kelso explains the latest figures, with growth in the services sector helping to offset falls in production and construction.

But rising oil prices and borrowing costs are adding to concerns over inflation, as the government prepares for the Budget later this year.

Read more: https://news.sky.com/

#skynews #economy #gdp #data #uk

SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews
Follow us on X: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
Follow us on Instagram: https://www.instagram.com/skynews
Follow us on TikTok: https://www.tiktok.com/@skynews

For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB

Why not listen to one of our podcasts? This is Why, available for free here: https://podfollow.com/thisiswhy or Ed Conway's Stuff Matters, available here: https://podfollow.com/stuff-matters

To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales