UK Economy: ONS Report Reveals British Economy Grew by 0.1% in August Amid Mounting Budget Pressure on Chancellor John Healey

UK Economy: This morning, the Office of National Statistics shared that the UK’s economy rose marginally by 0.1% during August 2026. It comes as the Labour government faces mounting pressure over public finances, rising energy costs and the outlook for economic growth. But despite the surprising economic pressure, Chancellor John Healey is still under pressure to present a balanced budget. 

UK Economy: Findings of the ONS Report 

The ONS reported that real gross domestic product (GDP) grew by 0.1% in August, after increasing by 0.4% in July. GDP likewise increased by 0.4% in June, revised up from the previously reported figure of 0.3%.

The three-month measure, offering a wider view of economic performance, indicated that the UK economy grew by 0.7% in the three months to August compared with the previous three-month period. Following revisions, this exceeded the 0.5% growth recorded in both the three months to July and the three months to June. According to the ONS, the economy was also 2.1% larger in August 2026 than it had been in the same month the previous year.

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