Skip to content
Search

Latest Stories

UK economy returns to growth ahead of budget

The Office for National Statistics reported that the country's GDP increased by 0.2 per cent in August compared to July, when output was flat.

The Canary Wharf business district including global financial institutions  seen on June 22, 2023 in London. (Photo: Getty Images)
The Canary Wharf business district including global financial institutions seen on June 22, 2023 in London. (Photo: Getty Images)

BRITAIN's economy rebounded in August, according to official data released on Friday, offering a timely lift for the new Labour government as it prepares for its first budget at the end of October.

The Office for National Statistics (ONS) reported that the country's gross domestic product (GDP) increased by 0.2 per cent in August compared to July, when output was flat.


The rise in GDP met analysts' expectations, marking a return to growth after two months of stagnation in June and July. This development provides a much-needed boost for the government, which has made economic growth a central focus of its agenda since taking office in July.

"It's welcome news that growth has returned to the economy," said chancellor Rachel Reeves, who is set to present the budget on October 30. Reeves emphasised that growing the economy is a top priority for the government.

Liz McKeown, the ONS director of economic statistics, highlighted that while growth occurred across all major sectors in August, the broader trend shows slowing growth compared to the first half of the year.

The Labour government, led by Keir Starmer, took power at the start of July after 14 years of Conservative leadership. The recent economic data signals that Britain is on track for a third consecutive quarter of economic growth. However, the ONS noted that the September GDP figures would need to show a monthly decline of 0.3 per cent to 0.6 per cent for the third quarter's reading to be flat.

While the sterling remained relatively unchanged against the US dollar following the ONS announcement, investors have increased their expectations of a quarter-point rate cut by the Bank of England in November.

The ONS also left its previous estimates for GDP growth in June and July unchanged. However, it revised down its estimates for April and May, with April now showing a contraction of 0.1 per cent. and May registering growth of 0.2 per cent.

In its outlook, the Bank of England projects a slight slowdown in growth to 0.4 per cent for the third quarter and 0.2 per cent for the final quarter of 2024, aligning more closely with the economy's underlying growth rate.

Compared to the same period last year, economic output in August was 1.0 per cent higher, falling short of the 1.4 per cent growth forecast by economists. The lower-than-expected growth reflected downward revisions to previous months' data.

As part of its strategy to stimulate economic growth, the government will host an international investment summit on October 14, with a focus on increasing foreign direct investment—a key objective since Starmer assumed office.

(With inputs from agencies)

More For You

Pakistan-independence-day-Getty

People click photographs beside an unmanned combat aerial vehicle on display at a military exhibition during Pakistan's Independence Day celebrations in Islamabad on August 14, 2025. (Photo: Getty Images)

Getty Images

US aims to build economic partnerships with Pakistan: Rubio

US secretary of state Marco Rubio said the United States wanted to explore areas of economic cooperation with Pakistan, including critical minerals and hydrocarbons, as the country marked its independence day on Thursday (14).

Rubio’s greetings came after Pakistan’s army chief Field Marshal Asim Munir’s second visit to the US last week, where he met political and military leaders.

Keep ReadingShow less
Rachel Brosnahan and Jason Ralph

Jason Ralph fuels speculation over Rachel Brosnahan marriage after controversial Instagram activity

Getty Images

Rachel Brosnahan marriage speculation grows after Jason Ralph’s controversial Instagram activity

Highlights

  • Jason Ralph, husband of Superman star Rachel Brosnahan, liked a controversial Instagram comment hinting at trouble in their marriage.
  • The comment accused Brosnahan of having inappropriate chemistry with co-star David Corenswet.
  • Ralph has since turned off Instagram comments, but screenshots of the ‘like’ are circulating widely.
  • Fans are split on whether the action was accidental, sarcastic, or a genuine reflection of marital issues.

Rachel Brosnahan’s husband, actor Jason Ralph, is at the centre of a heated social media debate after he liked a provocative Instagram comment about her on-screen chemistry with Superman co-star David Corenswet. The online reaction has been swift, with fans speculating whether his action was a subtle dig, a careless mistake, or simply a misunderstood joke.

The comment in question accused Brosnahan of crossing boundaries with a co-star and suggested Ralph should “stand up for himself” and “leave her.” Within hours, screenshots of Ralph’s ‘like’ were circulating across Reddit, X, and Instagram gossip pages. Soon after, Ralph disabled comments on his posts, but by then, the digital trail was impossible to erase.

Keep ReadingShow less
Resident Evil Requiem

Players will be able to traverse these environments using vehicles

YouTube/ Resident Evil

Resident Evil Requiem leak teases Last of Us-style combat, vehicles and smarter enemies

Highlights:

  • Insider claims Resident Evil Requiem will feature a combat system similar to The Last of Us Part II.
  • Leon Kennedy reportedly returns as one of the protagonists despite official silence.
  • Players will be able to travel through open-level areas using vehicles.
  • New lighting, shadow, hair, and environmental physics systems have been implemented.
  • Release date set for 27 February 2026.

With just days to go before Resident Evil Requiem is showcased at Gamescom’s Opening Night Live, new leaks suggest the game will deliver its most ambitious mechanics yet. According to reliable insider Dusk Golem, the next entry in Capcom’s survival horror series will blend innovations with influences from The Last of Us Part II, introduce open-level exploration with vehicles, and push technical boundaries with upgraded visuals and AI.

A combat system inspired by The Last of Us

Dusk Golem reports that combat in Resident Evil Requiem has been heavily reworked, drawing inspiration from The Last of Us Part II while adding unique elements of its own. Leon Kennedy, who Capcom has not confirmed as a protagonist, is said to feature prominently in these combat sequences.

Keep ReadingShow less
Christmas Karma release

Gurinder Chadha’s ‘Christmas Karma’ unveils first look posters and confirms November release

Gurinder Chadha reveals star cast and music lineup for ‘Christmas Karma’ ahead of November release

Highlights:

  • Christmas Karma, Gurinder Chadha’s festive musical adaptation of A Christmas Carol, hits cinemas on 14 November 2025.
  • Kunal Nayyar leads a star-packed cast including Eva Longoria, Billy Porter, Boy George and Hugh Bonneville.
  • Soundtrack blends gospel, bhangra, rap and pop with contributions from Gary Barlow, Panjabi MC and Malkit Singh.
  • The film celebrates Britain’s multicultural spirit with a fresh, modern twist on Dickens’ classic.

Gurinder Chadha, the celebrated filmmaker behind Bend It Like Beckham and Blinded By The Light, is set to deliver a new festive spectacle with Christmas Karma, opening exclusively in UK and Irish cinemas on 14 November 2025. The film’s first-look posters have just been released, giving audiences a colourful preview of its star-studded cast and vibrant energy.

The musical reimagines Charles Dickens’ A Christmas Carol through a contemporary British lens. Kunal Nayyar, best known for The Big Bang Theory, stars as Mr Sood, a modern-day Scrooge whose journey through self-reflection is guided by three eccentric spirits. Eva Longoria takes on the role of the Ghost of Christmas Past, Billy Porter embodies the Ghost of Christmas Present, and Boy George appears as the Ghost of Christmas Future. Hugh Bonneville plays Jacob Marley, with Danny Dyer joining as a London cabbie who becomes part of Sood’s transformation.

Keep ReadingShow less
Challenges Faced by the Gaming Market and How to Overcome Them
(source: Freepik)

Challenges Faced by the Gaming Market and How to Overcome Them

The gaming market is evolving at a rapid, seemingly unmatched speed. And for all avid gamers and providers, it’s fascinating.

To break it all down, we caught up with Jordan Conroy, Slotozilla’s chief editor and go-to expert for all things iGaming. For over five years, Jordan’s been deep in the scene, covering everything from sportsbooks and software providers to payment options and security features.

Keep ReadingShow less