UK economy reaps the benefits of reopening, but results vary by region

The UK’s third quarter GDP growth could reach 14 percent thanks to an easing of restrictions, as discussed by Yael Selfin.

The United Kingdom’s (UK) gross domestic product (GDP) data for the month of July could show another leap towards recovery, fuelled by the loosening of restrictions.Growth in the third quarter could reach 14 percent as August benefited from the ‘Eat Out to Help Out’ scheme, which boosted demand for bars and restaurants. Data showed a tripling of the number of seated diners towards the end of August compared to a year ago; the August bank holiday also helped.The scheme had less of an impact on...

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Authors: Yael Selfin

Published Date: 11 September 2020