Economic growth upgraded as services defy Brexit fears
Output in Britain’s powerhouse services sector “grew strongly” in July, defying expectations of a substantial slowdown in the wake of the Brexit vote.
Official figures showed that services output expanded by 0.4 per cent in the first month after Britain voted to leave the European Union, driven by rising retail sales, a robust performance from the film industry and computer programming.
The update came as the Office for National Statistics (ONS) revised up its reading for the UK economy, with gross domestic product (GDP) growing 0.7 per cent in the second quarter, up from a previous... read more
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