GDP data provides some relief for Reeves ahead of the Autumn Budget, economists say.

Markets are now pricing in an August cut to Bank Rate.

However, experts say the slump in growth is insufficient to warrant a back-to-back rate cut.

Mortgage lenders predict strong growth could mean a 'further base rate cut next month has all but disappeared'.

UK GDP grew 0.5% month-on-month in February, following a 0.1% fall in January

GDP had been expected to rise 0.1% month-on-month.

Economists were upbeat about the better-than-forecast GDP figures for Q4, but warned that the UK economy is not out of the woods yet.

UK GDP has increased for the first time in three months.

How will the latest figures affect the path of Bank Rate?

Monthly GDP fell by 0.1% in September, with quarterly growth slowing to 0.1%.