UK economy Q2 growth revised slightly upward
Skyscrapers of the City of London financial district are reflected in a puddle following heavy rain, in London, Britain, Sept. 8, 2026. (Reuters Photo)


The U.K. economy expanded slightly more than previuosly reported in the second quarter of the year, revised data showed on Wednesday.

The data showed positive signs from household finances and ⁠business investment that could ⁠encourage Treasury chief John Healey as he prepares October's budget.

Economic output expanded ​by 0.5% in the ​April-to-June period, the ⁠Office for National Statistics (ONS) said.

The reading was slightly stronger than a preliminary estimate for 0.4% growth in gross domestic product (GDP). Economists polled by Reuters had expected the 0.4% rise to be confirmed.

Britain's economy was the fastest growing among the G-7 large ⁠advanced ⁠economies in the first half of 2026, the ONS data showed.

Real household disposable income per head rose by 1.0% in quarterly terms during the three months to June, the biggest jump since the end of 2024 and following a 0.8% ⁠drop in the first quarter.

The ONS also revised up second-quarter business investment growth to an annual rate ​of 5.2% from an initial estimate of 0.8%.

Separate ​balance-of-payments data showed Britain ran a smaller current account deficit than ⁠economists ‌had expected ‌in the second quarter, at 19.9 billion pounds ($26.4 ⁠billion) versus a consensus ‌of 24.7 billion pounds.

Excluding precious metals trade, the deficit ​closed to 1.4% of economic ⁠output, the smallest such ⁠reading in five years, and helped by ⁠strong growth ​in services exports.