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Evening Standard
Evening Standard
Politics
Anna Wise

AI spending splurge helps UK economy grow in July

AI and related technologies helped to provide a boost to GDP in July, the ONS found (Alamy/PA) -

The UK economy recorded surprise growth in July as the AI spending boom helped deliver a boost, despite emerging signs of strain on households.

Gross domestic product (GDP) increased by 0.4% in July, following growth of 0.3% in June, according to the Office for National Statistics (ONS).

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