UK avoids recession as economy stronger than first thought at end of 2022

GDP rose by 0.1% in final three months of last year despite fears over inflation and financial turmoil

• Business live updates: UK avoids recession

Britain’s economy grew more than initially thought in late 2022 as a boost from builders, manufacturing and the telecoms sector helped the country avoid a recession.

Despite fears that a combination of high inflation, strikes and financial turmoil would lead to falling output, figures from the Office for National Statistics (ONS) showed gross domestic product rose by 0.1% in the final three months of last year.