Claims extracted
15
sentences that state something as happening or true
Uncertain
20%
3 of 15 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
65/100
Evening Standard's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
2
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
The Office for National Statistics (ONS) said UK gross domestic product (GDP) increased by 0.5% between April and June, revised up from the 0.4% previous estimate thanks to stronger growth in the services sector.
asserted
product → say → sector
It follows growth of 0.6% in the first three months of the year.
asserted
It → follow → year
But revisions to past data also revealed growth was weaker than first thought last year, with growth of 1.2% for 2025 as a whole, down from the 1.3% previously recorded.
asserted
growth → reveal → %
He acknowledged the building pressures from the Iran war, adding: “This is fragile with big global pressures, but we’ll keep driving for growth in every postcode.”
asserted
we → acknowledge → postcode
While the UK economy has so far defied the gloom, experts are predicting a tougher end to the year as soaring energy and fuel prices caused by the Iran war are set to weigh on spending and growth.
asserted
prices → defy → spending
The latest forecast from analysts Cornwall Insight on Wednesday warned annual household energy bills could soar by 16% in January – the largest rise for four years.
uncertain
bills → warn → years
Most economists are predicting 1.2% growth for the year as a whole, which would point to “virtually no expansion over the second half of this year”, according to WPI Strategy chief economist Martin Beck.
uncertain
which → predict → Beck
He said: “High petrol prices, rising household energy bills and uncertainty ahead of the Budget are likely to take some momentum out of growth over the coming months.”
asserted
prices → say → months
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The ONS said second-quarter growth in the services sector stood at an upwardly revised 0.6%, with June seeing a bump as firms reported buoyant trade thanks to prolonged hot weather and the start of the World Cup football tournament.
asserted
firms → read → tournament
Recent figures also revealed the UK economy recorded surprise growth of 0.4% in July as the AI spending boom helped deliver a boost, showing a more resilient than expected to start to the third quarter.
asserted
boom → reveal → quarter
The latest ONS stats painted a resilient picture for household finances despite price pressures amid the Iran war, with consumer spending growth remained at the previous estimate of 0.3% in the second quarter, while business investment growth was revised up to 1.8%.
asserted
growth → paint → %
Households are also saving robustly with the saving ratio increasing from 8.6% to 8.8% as a 1% rise in real household incomes – following a decrease of 0.8% in the previous three months – outpaced growth in spending.
asserted
rise → save → spending
“The saving ratio remains comfortably above its pre-Covid 2015–19 average of 6.6%, suggesting there is scope for consumption to grow faster than incomes if economic uncertainty begins to recede,” Mr Beck said.
asserted
Beck → remain → incomes
Investec economist Sandra Horsfield said the savings ratio pick up was likely as a result of recent attractive deals as banks have increased rates on lending and borrowing amid mounting speculation the Bank of England may hike the base rate before the year end.
uncertain
Bank → say → end
“Given that market interest rates turned up again as the Iran conflict sent energy prices higher, incentives for households to keep saving have increased,” she said.
asserted
she → give → prices