UK Economy Grows 0.1% in August Despite Consumer Spending Decline

• The UK economy grew by 0.1% in August, according to the Office for National Statistics.
• This growth follows a 0.4% increase in July and results in a 0.7% growth over the three months to August.
• The growth occurred despite a fall in consumer spending, which is expected to be addressed in the upcoming budget.
• Chancellor John Healey is preparing for his first Budget this month, which aims to help consumers navigate the cost of living crisis.
• The UK's fastest-growing companies have shown resilience, but face uncertainty due to the upcoming budget.