Moneyfarm investment director Richard Flax said UK GDP rose 0.4% in July, above economists’ zero-growth consensus. Tech-related activity was strong and offset weakness in other sectors. Flax warned that rising energy costs, supply-chain disruption and heightened Middle East tensions leave investors uncertain whether the outperformance will persist and translate into broader gains in corporate confidence and investment for the remainder of the year.

2026-09-11

Moneyfarm investment director Richard Flax said UK GDP rose 0.4% in July, above economists’ zero-growth consensus. Tech-related activity was strong and offset weakness in other sectors. Flax warned that rising energy costs, supply-chain disruption and heightened Middle East tensions leave investors uncertain whether the outperformance will persist and translate into broader gains in corporate confidence and investment for the remainder of the year.