
Economic overview for August 2026
July’s economic data releases showed that UK GDP returned to growth in May, increasing by a modest 0.1% despite the continued impact of the Iran war on energy

July’s economic data releases showed that UK GDP returned to growth in May, increasing by a modest 0.1% despite the continued impact of the Iran war on energy

On the surface, the last few months of economic data has painted a tentatively hopeful outlook for the UK despite the outbreak of conflict in the Middle East.

Overall, the UK economy fared better than expected in the first quarter of the year. The latest data gave us the first real measure of economic performance since

Russia’s invasion of Ukraine in 2022 marked the end of three decades of declining European defence investment. This shift has been compounded by Middle East instability, the US-Israel

The situation in the Middle East has dominated the news since late February, when the US and Israel launched their first strikes on Iran. Since then, there has

While the fast-moving news cycle makes it challenging to predict what’s next for British businesses, the latest data captures a snapshot of the UK economy before the first