UK economy grows 0.7% in third quarter, fastest in over two years

The UK economy grew by 0.7% in the three months to September, marking its fastest growth rate in over two years, according to official figures reported by BBC Business.

This growth represents an acceleration from the previous quarter and indicates a more resilient consumer economy than expected during the summer months.

The services sector, which includes consultancy services, hotels, and restaurants, was a key contributor to the stronger economic expansion.

Prime Minister Andy Burnham described the figures as "welcome news," noting that despite global events pushing up costs domestically, the economy is growing and bringing hope for the future.