The UK economy has held up a lot better than we expected amid higher energy prices, rising interest rates and political uncertainty. Already-strong GDP readings in the first half of this year were revised up yesterday, and several components of the UK service sector are showing continued strength. We are therefore revising up our UK growth forecast for 2026 from 1.1% to 1.6%. In addition, thanks to this more optimistic economic outlook, but mainly due to the sharp rise in