The UK economy stood still in February as industrial action in various areas of the services sector contributed to UK growth flatlining. The latest Office for National Statistics (ONS) monthly GDP data showed no growth in February with the services sector falling by 0.1% compared to a revised higher 0.7% growth in January. According to the ONS, ‘the largest contributions to the fall in services output in February 2023 came from education and public administration and defence: compulsory social security, industrial action took place in both of these industries in February 2023’.
