The UK economy expanded in February, boosting hopes the country is moving away from recession.

GDP rose 0.1pc in February, according to new figures from the Office for National Statistics (ONS), thanks to gains in the production and services sectors.

The ONS also revised up its figures for January growth from 0.2pc to 0.3pc in a further sign of positive momentum.

The numbers add to evidence that Britain’s economy will grow in the first quarter of 2024, reversing the shallow recession recorded in the second half of last year.

The pound was little changed after the figures, slipping 0.1pc against the dollar to $1.253.

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