Economy Updates

14 October, 2020

Despite the success of the Eat Out to Help Out scheme the UK economy grew by just 2.1% in August according to the Office for National Statistics (ONS).

Analysts had predicted a growth of 4.6% based on the 6.4% growth the country saw in July however it has not come to fruition. The ONS’s deputy national statistician for economic statistics, Jonathan Athow, said:

“There was a strong growth in restaurants and accommodation due to the easing of lockdown rules, the Eat Out to Help Out scheme, and people choosing summer staycations. However, many other parts of the service sector recorded muted growth.”

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