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“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.”

“UK economy grows faster than first thought amid service sector boost Britain’s economic growth was stronger than first thought in the second quarter of the year, according to official figures.”

“Thomas Pugh, chief economist at RSM UK, said: “For the Bank of England, the stronger economy and stabilising labour market means there is no longer a trade-off between low growth and high inflation.”

“The UK economy grew by 0.7 per cent over the three months to August, according to the ONS Chancellor John Healey will deliver the Budget in two weeks' time on October 28 'Upward revisions to already strong services growth in June and July helped drive robust…”