UK Economy Grew More than Expected in February

The BBC is reporting that the UK economy grew by more than expected in February.

The Office for National Statistics, ONS, said the economy expanded by 0.5 per cent, with the services sector having a strong month.

Economists had predicted growth of just 0.1 per cent, but the ONS said several factors contributed to the surprise rise, which was driven by a boost in manufacturing and production.

The better-than-expected figures come as the UK economy braces itself for the impact of tariffs imposed on goods being imported to the US, with analysts warning that growth could prove short-lived.

The UK is subject to the blanket 10 percent tariff on nearly all of its goods being brought into the US, which is expected to hit British exporters and also affect economic growth.

The government has made growing the UK economy its top priority in its effort to improve living standards.