AI helped the UK defy expectations – but will Britain’s resilience fizzle out?
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. The global economic headwinds were too strong, inflation was beginning to rise and growth would slow to a trickle.
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 – leaving the UK as the second-fastest growing G7 economy this year.
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