Analysts had been expecting 0.2% growth for the UK economy at the beginning of the year.
UK economy flatlines in January as people cut back on eating out
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UK borrowing lowest for three years but Iran war clouds outlook
The improvement in government finances is unlikely to last, analysts say, with the impact of the Iran way yet to hit.
Typical new mortgage costs soar £788 a year in two weeks
Lenders have hiked rates on new deals and withdrawn products as war creates uncertainty in the markets.
Almost £200,000 of fuel stolen from UK forecourts every day since Iran war began
Incidents of fuel being taken without payment have risen by a fifth in five months, according to industry analysis.