UK economy grows at fastest rate in over two years

The UK economy grew by 0.7% between July and September, the Office for National Statistics said. The AI spending boom was a contributor to higher GDP in July, with the ONS revealing that many of the businesses reporting the largest turnover were involved in activities related to AI and cloud computing. Growth has also been boosted by business investment, with spending on areas such as technology, infrastructure and defence becoming a key source of growth in the economy, experts say. This is helping to offset the impact of higher energy prices on households and businesses since the start of the Iran war. Is the UK's economy finally turning a corner? 00:00 Andrew Marr reacts 02:32 Andrew speaks to Paul Johnson, former Director of the IFS, who warns that it's too early to tell if this growth will last 08:46 'These figures are absolutely a vindication of the choices that Rachel made as Chancellor, and that the Labour government has made over the past two years', says Labour MP Helena Dollimore. 13:32 Andrew is joined by LBC's Political Correspondent Bethany Dawson Listen to the full show on the all-new LBC App: https://app.af.lbc.co.uk/btnc/thenewlbcapp #andrewmarr #uknews #ukpolitics #economicgrowth #economy #growth #AI #labour #LBC LBC is the home of live debate around news and current affairs in the UK. Join in the conversation and listen at https://www.lbc.co.uk/ Sign up to LBC's weekly newsletter here: https://l-bc.co/signup