Economy

UK economy grows by 0.7% in third quarter despite high oil prices

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 12/11/2026, 07:20:24 UTC.

Briefings

The UK Office for National Statistics reported a 0.7% GDP growth in the third quarter of 2026, driven by resilient consumers and businesses despite high oil and gas prices. This growth offset a 0.2% monthly decline in September, with inflation remaining a key concern for policymakers.

Key points

• GDP grew 0.7% in the third quarter of 2026, offsetting a 0.2% monthly decline in September.
• High oil and gas prices contributed to economic slowdowns in the three months to the end of September.

Context

The Office for National Statistics confirmed the quarterly growth figure, which aligns with analyst expectations. Inflation remains a key concern for policymakers.

Limitations

Data covers only the third quarter of 2026. Monthly figures for September are available separately. No specific inflation rate is provided in this evidence.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 12/11/2026, 07:21:22 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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