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    AI Spending Boosts UK Economy Growth in July

    5 days ago

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    The UK economy unexpectedly grew by 0.4% in July, driven by a surge in AI spending and services sector growth. This follows a 0.3% increase in June. The Office for National Statistics reported that computer programming and AI technologies significantly contributed to this growth, despite challenges faced by households due to rising costs. Chancellor Healey noted the resilience of the economy amid global uncertainties.
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