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UK economy grows at fastest quarterly rate in more than two years

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Wise, A. (2026, November 12). UK economy grows at fastest quarterly rate in more than two years. Evening Standard. https://www.standard.co.uk/business/business-news/gross-domestic-product-gdp-ons-andy-burnham-john-healey-b1304560.html

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Evening Standard · collected 2026-11-12 · by Anna Wise

Quick Summary

The UK economy grew by 0.7% in the third quarter between July and September 2026, according to the Office for National Statistics (ONS), marking its fastest quarterly rate since early 2024. This growth was largely driven by a surge in tech services linked to AI adoption and cloud computing, with computer programming and consultancy growing by 4.4%. Prime Minister Andy Burnham welcomed the figures but acknowledged challenges ahead, including rising energy prices and inflation. Economists like Scott Gardner from JP Morgan Personal Investing warned that continued cost pressures could dampen future economic activity.
Written by AI on 2026-11-12, from this article's own text only.

AI analysis

Why this leaning score
This article does not take a side on a contested political question, so it has no leaning score. That is an answer rather than a gap: a match report or a rescue can be warmly or critically written without being left or right, and scoring it anyway is how approval of a subject gets recorded as a political position.
No political leaning scored for article 147391 · logged 2026-11-12

Compared with similar articles

This article reads unscored and hedges 6% of its claims. Each row says how that neighbour differs.
Daily Mail
Leans right Hedges 0 of 6 claims Outlet record 70/100
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
16
sentences that state something as happening or true
Uncertain
6%
1 of 16 hedged ("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
64/100
Evening Standard's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
unclustered
not grouped into a story yet
Same framing elsewhere
3
articles that frame the event the way this one does
Analyzed 2026-11-12 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

Evening Standard · 9733 article(s) · 75 correction(s) detected
Running correction rate · 75 correction(s)

Who wrote this

Anna Wise
103 article(s) here · 1 carrying a prediction
He said: “Five consecutive quarters of growth and improved quality of sales demonstrate that our strategy is working. “Having laid the foundations for growth, I am more confident than ever that we will realise the full potential of this extraordinary British luxury brand.”
But some economists cautioned that momentum in the economy may start to pull back as these cost pressures weigh on activity.
But some economists cautioned that momentum in the economy may start to pull back as these cost pressures weigh on activity.
UK economic growth is expected to have accelerated in the third quarter as a spending drive on AI and defence helps stave off a cost-of-living slowdown.
This gave the business 10 days to secure a potential rescue deal, which will expire at midnight.
This gave the business 10 days to secure a potential rescue deal, which will expire at midnight.
UK economic growth is expected to have accelerated in the third quarter as a spending drive on AI and defence helps stave off a cost-of-living slowdown.
This gave the business 10 days to secure a potential rescue deal, which will expire at midnight.
The shake-up is not expected to impact jobs in shops.
New forecasts by NIESR show Consumer Prices Index (CPI) inflation in the UK rising to a peak of around 4.4% in February – up from the 3.8% peak predicted in July.
Also by Anna Wise
Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 103 articles by Anna Wise →

Topics

Britain Budget JP Morgan Personal Investing ONS The Office for National Statistics

Subjects

Burnham PERSON · 2× ONS ORG · 2× Britain GPE · 1× Budget ORG · 1× GDP ORG · 1× JP Morgan Personal Investing ORG · 1× Matt Swannell PERSON · 1× Scott Gardner PERSON · 1× The Office for National Statistics ORG · 1× the Item Club ORG · 1×

Narrative

It also pointed to evidence that businesses linked to AI adoption were boosting the sector. Prime Minister Andy Burnham said the figures were “welcome news”, adding: “Despite a year where events around the world have pushed up costs here at home, our economy is growing, bringing hope for the future.” The latest figures showed GDP for the services industry – which spans sectors from hospitality and leisure to professional and financial services, real estate and healthcare – jumped by 0.9% in the third quarter.
framing: assertive · carried by 3 article(s) · first seen 2026-11-12
But some economists cautioned that momentum in the economy may start to pull back as these cost pressures weigh on activity.
2026-11-12 · Evening Standard
UK economy grows at fastest quarterly rate in more than two years · assertive framing
2026-11-12 · Evening Standard
UK economy grows at fastest quarterly rate in more than two years · assertive framing
2026-11-12 · Evening Standard
UK economy grows at fastest quarterly rate in more than two years · assertive framing

Claims (16 extracted, 1 hedged)

The UK economy has grown at its fastest quarterly rate since the start of 2024 following a boost from tech services and AI. asserted
economy → grow → services
The Office for National Statistics (ONS) said gross domestic product (GDP) increased by 0.7% in the third quarter, between July and September, up from 0.5% growth in the second quarter. asserted
product → say → quarter
It also pointed to evidence that businesses linked to AI adoption were boosting the sector. Prime Minister Andy Burnham said the figures were “welcome news”, adding: “Despite a year where events around the world have pushed up costs here at home, our economy is growing, bringing hope for the future.” The latest figures showed GDP for the services industry – which spans sectors from hospitality and leisure to professional and financial services, real estate and healthcare – jumped by 0.9% in the third quarter. asserted
which → point → quarter
It was given a lift by computer programming and consultancy surging by 4.4%, making it the largest driver of GDP growth across 2026. asserted
it → give → 2026
The ONS said it found that many of the businesses reporting the largest increases in turnover are involved in activities related to AI and cloud computing. asserted
many → say → AI
This reflects a wider AI spending boom as many businesses prioritise investing in their tech systems over other areas. asserted
businesses → reflect → areas
Meanwhile, manufacturing activity helped drive growth for the production sector, particularly of computers and electronic items. asserted
activity → drive → computers
On the other hand, the construction sector extended its slump with GDP falling by 0.7% for the third quarter. asserted
GDP → extend → quarter
Mr Burnham added: “Our job now is to keep focused on what matters to people: bringing down bills, creating good jobs, helping high streets thrive and backing businesses to grow. asserted
businesses → add → jobs
“There is more to do, but we have a clear direction. asserted
we → be → direction
The latest figures show economic growth has accelerated in the face of higher energy prices, which have pushed up inflation and borrowing costs. asserted
which → show → inflation
But some economists cautioned that momentum in the economy may start to pull back as these cost pressures weigh on activity. uncertain
pressures → caution → activity
Scott Gardner, investment strategist at JP Morgan Personal Investing, said: “While the UK economy has been relatively resilient since the conflict started, that strength will be tested in the months ahead. asserted
strength → say → months
“Nervousness in the lead up to the autumn Budget and continued uncertainty from the Middle East war is expected to weigh on confidence and activity over the coming GDP readings.” asserted
Nervousness → continue → readings
Matt Swannell, chief economic adviser to the Item Club, said the “rapid increase in AI adoption has supercharged growth in the IT services sector”. asserted
increase → say → sector
But he also pointed to other industries coming under pressure, saying: “A combination of cooling pay growth and rising inflation will squeeze consumer spending and intensify pressure on consumer-facing parts of the services sector.” asserted
combination → point → sector
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