Economic Review August 2026 - HCR IFA
Economic Review August 2026

Economic Review August 2026

August’s Economic Review – UK economy expands unexpectedly, UK jobs market “stagnant,” retail sales wilt and higher energy costs.

Key takeaways 

  • Recent data shows the UK second-quarter growth was more resilient than anticipated – 0.4% growth
  • The latest Labour Market Overview published by ONS in August painted a muted picture of the UK jobs market
  • According to ONS, consumer spending slowed as the volume of goods sold fell by 0.5% over the month

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