UK economy grew by 0.5% in February in boost to Rachel Reeves
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The sectors that pushed the UK economy to growth in February
- The UK economy grew by 0.5 per cent in February, showing growth in various sectors, according to the Office for National Statistics (ONS).
- The ONS cited strong performance in services like computer programming and telecoms, and in manufacturing, particularly electronics and pharmaceuticals.
- Despite the positive figures, the Conservative party criticised the Labour government's economic policies, claiming they hindered growth and negatively impacted household finances.
- Shadow Chancellor Mel Stride highlighted a perceived decline in economic forecasts due to Labour's decisions.
- The upcoming UK inflation figures are due on 16 April, followed by a Bank of England meeting on 8 May to discuss potential interest rate adjustments.