UK economy grew 0.6% between January and March

The UK economy grew by 0.6% in the first quarter, led by the services sector, with a stronger-than-expected 0.3% expansion in March, according to Office for National Statistics data^[1][2].

The 0.3% monthly growth in March surpassed analyst forecasts, which had anticipated a small contraction^[1][2]. The services sector drove the quarterly performance, with strong contributions from wholesale trade, computer programming, and advertising^[2]. The construction industry also returned to growth, though the ONS noted this only partially reversed weakness from late last year^[1][2]. Retailers reported that motorists were stocking up on fuel as prices rose sharply^[2].

Chancellor Rachel Reeves said the growth enables more investment in public services and cost-of-living support^[1][2]. "We shouldn't put [economic stability] at risk by plunging the country into chaos," she added in a statement^[2]. Shadow Chancellor Mel Stride criticized opposition spending pledges, stating, "This week, borrowing costs hit their highest level in 30 years as Labour leadership contenders competed to promise even more spending, borrowing and fantasy economics"^[2].

The ONS figures are subject to future revisions^[1].