Rolling coverage of the latest economic and financial news
Economists had been expecting gross domestic product to add 0.2%.
January’s GDP figure comes as higher energy prices likely to drive up inflation, dashing hopes of interest rate cut
Analysts had been expecting 0.2% growth for the UK economy at the beginning of the year.
Zero GDP growth in January will not help Rachel Reeves claim her policies have put UK in a stronger position to weather oil price storm