Britain’s economy grew faster than expected in February, as the services and manufacturing sectors picked up after recent slow activity, official figures show. The Office for National Statistics (ONS) said gross domestic product (GDP) grew by 0.5%, surprising economists who had forecast no economic growth. #GDP #Rachelreeves
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00:00Hello, I'm Greg Wright of the Yorkshire Post.
00:04Britain's economy grew faster than expected in February
00:08as the services and manufacturing sectors picked up
00:12after recent slow activity, according to official figures.
00:16The ONS said gross domestic products grew by 0.5%,
00:21which came as a surprise for economists
00:24who had forecast no economic growth at all.
00:28It also marked a significant monthly improvement
00:31after the economy recorded no growth in January, according to the ONS.
00:36All this is welcome news for Labour and for the Chancellor Rachel Reeves
00:41as she focuses their efforts on growing the UK economy
00:45during a time of uncertainty.
00:47My name is Greg Wright, I'm the Deputy Business Editor of the Yorkshire Post.