Business

UK spending grew strongly post-Brexit vote, ONS data shows

Workers at Nissan car factory Image copyright PA

The UK services sector grew 0.4% in July, much more strongly than expected in the wake of June's vote to leave the European Union.

It shows consumers carried on spending as normal after June's Brexit vote.

Other figures from the Office for National Statistics (ONS) show economic growth accelerated faster than thought in the run-up to the referendum.

Gross Domestic Product (GDP) grew by 0.7% in the three months to the end of June, up from the 0.6% first estimated.

The second-quarter figures were well up from the 0.4% growth of the previous quarter.

ONS statistician Darren Morgan said: "Together this fresh data tends to support the view that there has been no sign of an immediate shock to the economy, although the full picture will continue to emerge."

The figures will help the Bank of England assess policy when it next meets in November.

It has already cut interest rates since the UK voted to leave the EU and has hinted there could be another one if needed.

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