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The British economy grew by 0.7% in the third quarter, up from 0.5% in the second quarter, marking its fastest quarterly growth since early 2024. The Office for National Statistics attributed almost all of the growth to the services sector, particularly computer programming, with contributions from companies adopting artificial intelligence technologies. The data could increase pressure on the Bank of England to raise interest rates again; the Bank has raised its growth forecasts to 1.6% this year and 1.3% next year.
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