AI helped UK defy expectations – but will economy’s resilience fizzle out?
Four months into the job, the economy is continuing to defy expectations after growing by 0.7% in the third quarter – the fastest expansion in two and a half years.
Key points
- Despite John Healey’s defiance, the economy faces threats from a tech slowdown and energy bills this winter AI helps UK economy grow at fastest pace for more than two years The forecasters were clear when John Healey became chancellor in July: Britain’s resilience to the war in the Middle East would not last.
It puts the UK on course to be the second-fastest growing G7 economy this year.
The global economic headwinds were too strong, inflation was beginning to rise and growth would slow to a trickle.
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