Related topic: GDP

The UK economy recorded modest growth in August, signalling a slight improvement in overall activity, according to the latest data from ONS. 

Rising inflation is also dampening the chances of another Bank Rate cut this year.

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.