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

January’s GDP figure comes as higher energy prices likely to drive up inflation, dashing hopes of interest rate cut

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Analysts had been expecting 0.2% growth for the UK economy at the beginning of the year.

Economists had been expecting gross domestic product to add 0.2%.

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