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More up-to-date figures show UK recovery has been stronger than feared, giving chancellor room for future tax cuts
GDP rise of 0.4 per cent could be shortlived as challenges mount
Activity in sectors including entertainment helped gross domestic product expand after stalling in July
British economy set to still be 3 per cent smaller in 2024, while other leading countries will bounce back
Official figures show openings matched or exceeded pre-pandemic levels in all sectors
Addressing underlying issues such as low-paid work and poor air quality is a business imperative
Upward revision supports case for BoE to start tightening monetary policy
Fears of poor growth and higher inflation as currency falls while bond yields rise
Or why going back to 2019 is not progress
Interest rate held at 0.1% as Monetary Policy Committee expects price rises to moderate next year
Economists say flash purchasing managers’ index gives Bank of England grounds to delay interest rates increase
Increase is fastest since Bank of England gained independence to set interest rates
Economy restarts in hiring frenzy with employment rising by almost 250,000 last month
July GDP up just 0.1% as surge in coronavirus compounds supply chain disruption and consumer spending falls
Experts say the link between cases and economic performance is likely to become more nuanced
GDP data showed strong growth in second quarter laced with early warning signs as Delta variant spread
Output remained below pre-pandemic levels and the Delta variant is likely to have slowed progress in July
Market Questions is the FT’s guide to the week ahead
Chancellor hails ‘fantastic’ 560,000 fall in number of people on furlough in June
Yet PMI readings indicate slowing of growth in US and UK
Staff shortages and squeezed supply chains dampen growth outlook
Borrowing is lower than official forecast as finances recover more quickly than expected
Economy expanded by 0.8 per cent in May but rising Covid infections threaten to sap growth further
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