The UK's economy returned to growth in January, easing fears of an impending recession ahead of Chancellor Jeremy Hunt's spring Budget
The Office for National Statistics said the economy grew by 0.3% in January, following a sharp 0.5% decline in gross domestic product in December.
The biggest driving forces behind the growth came from sectors including education, transport, health, and arts and entertainment, as well as the return of the Premier League.December's GDP figures were affected by several days of rail and postal strikes and also declining output in the entertainment sector, as the football Premier League took a break for the World Cup.January's figure beat expectations with analysts predicting that the economy would eke out 0.1% growth in the month.
The Office of National Statistics' director of economic statistics, Darren Morgan, said: "The economy partially bounced back from the large fall seen in December. Across the last three months as a whole and, indeed over the last 12 months, the economy has, though, showed zero growth. "The main drivers of January's growth were the return of children to classrooms, following unusually high absences in the run-up to Christmas, the Premier League clubs returned to a full schedule after the end of the World Cup and private health providers also had a strong month.The return of the Premier League after the World Cup helped the economy rebound, the ONS said.
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