News Summary

• The UK economy grew 0.4 per cent in July as the global AI boom helped deliver an unexpectedly robust start to the third quarter.
• Friday’s figure from the Office for National Statistics was far above the zero growth forecast by analysts polled by Reuters and marked an acceleration from the 0.3 per cent expansion in June.
• Here is more from Valentina Romei and Sam Fleming at the FT.
• The partial European recovery continues with a 0.2 per cent growth in the second quarter.