UK Economy Grows 0.7% in Q3 as AI Boosts Activity

The UK economy grew by 0.7% in the three months to September, matching expert estimates and improving on the 0.5% growth seen in the previous quarter. This growth was primarily fueled by the services sector, with information and communication acting as a major driver as businesses increased investments in artificial intelligence and cloud computing. Despite facing headwinds from ongoing conflicts and upcoming budget discussions, government and financial officials noted the economy's resilience. Analysts suggest these solid figures indicate the economy can handle potential increases in borrowing costs as growth continues at a steady pace.