Kevin Brown, savings specialist at Scottish Friendly comments on todays rise in UK GDP

"A modest rise in GDP for the third quarter is a welcome sign that the economy still has some momentum, even as UK households and businesses continue to navigate a difficult backdrop.

However, the longer the conflict in the Middle East continues, the greater the risk that prices are pushed higher, squeezing growth and filtering through to increases in household budgets.

"Treasury modelling reportedly shows that if disruption tied to the conflict continues, UK growth could slow to as little as 0.3% in 2027, so this improvement shouldn't lull us into complacency (1).

"The sensible approach in the current climate remains building up a cash buffer wherever possible, shopping around for the best savings rates and energy tariffs, and considering putting spare cash to work in the stock market, where the potential for higher returns is greater."

Source: (1) https://finance.yahoo.com/economy/articles/burnham-warned-iran-war-impact-131449093.html