The UK saw its fastest economic growth in nearly a year in Q2, thanks to the World Cup and unusually warm weather, according to the Official Office for National Statistics (ONS). Britain reeled off its fastest economic growth for nearly a year in the three months to July thanks to strong consumer spending lifted by the World Cup and unusually warm weather, official figures showed on Monday. Growth was revised up from 0.6% quarter-on-quarter to 0.4%. Of note was the pick-up in the services sector which grew 0.6% in the three months to July, particularly in the distribution, hotels and restaurants sub-sector, which is being attributed to England's performance in the World Cup and the warm weather.
The UK saw its fastest economic growth in nearly a year in Q2, thanks to the World Cup and unusually warm weather, according to the Official Office for National Statistics (ONS). Growth was revised up from 0.6% quarter-on-quarter to 0.4%. Of note was the pick-up in the services sector which grew 0.6% in the three months to July, particularly in the distribution, hotels and restaurants sub-sector, which is being attributed to England's performance in the World Cup and the warm weather.