The UK economy grew by 0.5 per cent in February in a boost to Labour following several months of almost flatlining, with the Office for National Statistics (ONS) pointing to “widespread growth” across multiple sectors.
In January, an unexpected 0.1 per cent decline was initially reported before the ONS revised its estimates to a flat month, following just 0.1 per cent growth in the final quarter of 2024 - so February’s change of gears will be welcome news to Rachel Reeves.
