UK economy beats forecasts with 0.3% growth in March despite Iran war – business live

Rolling coverage of the latest economic and financial news, including the UK’s latest GDP report

UK economic growth picked up on a quarterly basis, the ONS reports.

UK GDP rose by 0.6% in the January-March quarter, up from 0.2% in October-December.

Services and construction output both grew, by 0.3% and 1.5%, respectively - these growths were partially offset by a 0.2% fall in production.