UK Economy Delivers Surprise Boost for PM Burnham
Britain shows surprising economic strength as the services sector hits a six-month high and consumer confidence reaches a two-year peak. The positive data provides an early boost for Prime Minister Andy Burnham ahead of the October budget, despite ongoing inflation and public finance risks.
The United Kingdom economy expanded by 0.4% in the second quarter, handing Prime Minister Andy Burnham a boost ahead of his October budget. That pace puts the nation on track for the fastest growth among Group of Seven economies for the first half of the year. Economists point out that public finances remain strained and borrowing costs could climb further amid global price pressures.
