UK economy grows at fastest pace for more than two years

GDP ‘grew robustly’ by 0.7% in third quarter and by 0.2% month on month in September despite high oil prices The UK economy grew by 0.7% in the third quarter, its fastest expansion in two and a half years, confirming that consumers and businesses remained resilient despite high oil and gas prices. The Office for National Statistics reported that the economy “grew robustly” in the July to September quarter, almost entirely due to strong and widespread growth in the services sector.