UK economy grows by 0.7% in third quarter despite high oil prices
The Guardian1 min read1 reads
ONS also says GDP rose 0.2% month on month in September, in a boost to the chancellor, John Healey
Higher oil prices have pushed the cost of petrol above £1.70 a litre and diesel towards an average of £2 a litre. Photograph: Murdo MacLeod/The GuardianHigher oil prices have pushed the cost of petrol above £1.70 a litre and diesel towards an average of £2 a litre. Photograph: Murdo MacLeod/The GuardianUK economy grows by 0.7% in third quarter despite high oil prices
ONS also says GDP rose 0.2% month on month in September, in a boost to the chancellor, John Healey
The UK economy grew by 0.7% in the third quarter, as expected by City analysts, confirming that consumers and businesses remained resilient despite high oil and gas prices.
