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UK economy sees meager growth of 0.1% in August, in line with expectations

GDP rose 0.1% in August after July's contraction, with three-month growth at 0.3%, as the government prepares for the November Budget amid fiscal pressures, officials said.

  • The Office for National Statistics said the British economy grew by 0.1% in August.
  • Revisions to monthly estimates indicate the United Kingdom economy shrank by 0.1% in July, while GDP rose by 0.3% in the three-month period to August.
  • The Institute for Fiscal Studies projects Rachel Reeves will need to find `more than 250` million and `almost certainly` raise taxes, as she said she is `looking at further measures on tax and spending` on Wednesday.
  • Chancellor Rachel Reeves is considering halving the cash ISA to �10,000 while keeping the stocks and shares ISA at �20,000, affecting the �300bn deposited in cash ISAs.
  • With the Budget next month, the government’s growth priority faces pressure as Rachel Reeves’s no tax rises pledge for `working people` in the Labour manifesto complicates decisions.
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iNews broke the news in London, United Kingdom on Wednesday, October 15, 2025.
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