UK economy returns to growth

Growth returned in the UK economy in January, according to official figures.

The measure of everything produced in the UK - a metric called gross domestic product (GDP) - rose 0.2%, the Office for National Statistics (ONS) said.

It's the first official economic growth announcement since a recession was declared last month.

When adjusted to factor in inflation, GDP rose 0.1% in the month.

The data, however, is just an estimate and is subject to revision.

Figures are routinely revised as more information becomes available.

Responding to the data, Chancellor Jeremy Hunt said:

"While the last few years have been tough, today's numbers show we are making progress in growing the economy - part of which makes it possible to bring down national insurance contributions by £900 this coming year.

"But if we want the rate of growth to pick up more we need to make work pay which means ending the unfairness of taxing work twice."

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