UK Economy Stalls: Zero Growth in January

0:00On March 13, the UK's economy came to a complete standstill in January, with zero growth in gross domestic product according to the latest figures. From the office, for national statistics, on the steadier three-month view, it edged up by just 0.2%, a small step from the prior period 0.1%. Services saw modest 0.2% growth over three months, driven by wholesale and retail, but recruitment and employment services plunged. 5.7%, signaling a softening job market. Production jumped 1.2%, mostly thanks to Jaguar Land Rover bouncing back from a cyber attack shutdown. Construction output dropped 2% in those three months, despite a tiny 0.2% monthly uptick from repairs alone, undermining. Labor's big plans for infrastructure, and 1.5 million new homes. Now, with oil prices hovering around $100 a barrel, amid the strait of Hormuz closure from Iran tensions, here petrol and energy costs.

1:01Loom. Stoking inflation fears, just as the Bank of England holds rate steady at 3.75% next week. These weak numbers leave little room for optimism, especially as global shocks test the UK's fragile recovery path.