Consultancy leads UK growth as AI appetite surges amongst businesses

Consultancy and technology services were among the strongest contributors to UK economic growth in the third quarter, as businesses sought help with AI and other digital projects. The figures point to rising demand for practical advice on adopting technology, while also showing stronger activity in legal and accountancy services.

The ONS reported that GDP grew 0.7 per cent between July and October, and that consultancy, computer programming and related activities rose 4.4 per cent in the quarter. The information and communications sector grew 2.1 per cent; the MCA forecast consultancy fee income growth of 6 per cent for the year. In September, accounting revenues rose 13 per cent to £4.25bn and legal revenues increased 15.5 per cent to £5.35bn, following quieter August figures.