British economy rises 0.4% in July

The UK economy experienced an unexpected growth of 0.4% in July, driven by the services sector and increased use of artificial intelligence. This growth exceeded expectations, which had predicted no growth. AI technology and related innovations played a significant role in boosting the sector over the previous three months, with a 4% increase in the output of programming and information technology services, as well as a 0.2% rise in manufacturing and water supplies, and a 0.1% increase in construction. This growth aims to offset the impact of the heatwaves on spending at pubs and restaurants compared to June.

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