UK economy stagnates in February amid impact of strikes

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UK economy stagnates in February amid impact of strikes

STORY: UK economy stagnates in February amid impact of strikes DATELINE: April 14, 2023 LENGTH: 00:01:54 LOCATION: London CATEGORY: ECONOMY SHOTLIST: 1. various of bank of landmarks in London 2. various of London metro station 3. various of teachers' strikes and rail workers' strikes STORYLINE: The United Kingdom's (UK) economy recorded no growth in February as a wave of public sector strikes offset the growth in other sectors, according to data published by the Office for National Statistics (ONS) on Thursday. The services sector fell by 0.1 percent and production output by 0.2 percent, while the construction sector grew by 2.4 percent last month after a poor January, the ONS said. Darren Morgan, director of economic statistics at ONS, attributed the stagnation to the effects of civil service and teachers' strikes, which impacted the public sector, and an unseasonably mild weather, which led to falls in electricity and gas consumption. On the positive side, economic growth in January was revised up to

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