The UK economy grew by a better-than-expected 0.5 per cent in February, the Office for National Statistics said.
Economists polled by Reuters had forecast 0.2 per cent growth in gross domestic product for the December-February period compared with the previous three months.
In February alone, the economy grew by 0.5 per cent, the Office for National Statistics said, against expectations for a 0.1 per cent increase.
The news comes as Britain is heading for “stagflation”, according to at least one gloomy forecast, as energy prices bite and inflation jumps as a result of the Iran war.
More to follow…
