News Summary

• UK economy grew by 0.4% in July, the Office for National Statistics said.
• Growth was helped by a strong performance from the services sector, and particularly computer programming.
• Experts said the figure showed the UK economy was proving resilient in the face of shocks such as the war in Iran.
• However, they expect growth to slow in the months ahead as high energy prices affect households.
• The Iran war has led to a sharp jump in oil prices, which has fed through to higher energy and fuel prices - affecting households and businesses.