UK economy A builder working for Taylor Wimpey builds a roof on an estate in Aylesbury, Britain, February 7, 2017. REUTERS/Eddie Keogh
UK economy was boosted by lifted by the services and construction sectors (REUTERS / Reuters)

The UK economy expanded in the first month of the year as gross domestic product (GDP) grew by 0.2%, according to the Office for National Statistics (ONS).

The figure signals that the UK could be at the end of 2023.

Reta heading out of the recession it fell intoil and housebuilding, two sectors that struggled in December, helped lead the rebound in January.

ONS director of economics statistics Liz McKeown said: “The economy picked up in January with strong growth in retail and wholesaling. Construction also performed well with housebuilders having a good month, having been subdued for much of the last year.

“These were partially offset by falls in TV and film production, lawyers and the often-erratic pharmaceutical industry.

“Over the last three months as a whole, the economy contracted slightly.”

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