UK GDP rebounds in January as services sector recovers

The latest figures from the Office for National Statistics showed GDP grew 0.3% in January, but that growth remained flat in the three months to the start of the year

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The latest figures from the Office for National Statistics showed the UK economy is recovering faster than expected despite rising borrowing costs and double-digit inflation.

GDP grew by 0.3% in January thanks to a rebound in the services sector, such as education, following a 0.5% fall in December 2022.

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Nic studied for a BA in journalism at Cardiff University, and has an MA in magazine journalism from City University. She has previously worked for MoneyWeek.