UK growth picks up to 0.7% in third quarter, CNBC reports

CNBC reports UK GDP rose 0.7% in the third quarter, up from 0.5% in the second. The ONS said many businesses reporting the largest turnover increases were involved in AI and cloud computing, but it could not quantify those activities’ exact impact. Economist Suren Thiru said the strong figures keep a December Bank of England rate rise “firmly on the table.”