UK economy grows as GDP rises 0.5% – what it means for YOUR money

THE UK economy grew by 0.5% in the second month of this year and more than expected.

The Office for National Statistics (ONS) said Gross Domestic Product (GDP) went up by half a percentage point in February.

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It comes after GDP fell unexpectedly in January by 0.1%.

The 0.5% rise in February came mostly due to growth in the services sector, the ONS said.