Industry experts predict there could still be at least one more rate cut this year.

Adverse weather impacted the construction industry.

The UK is no longer in a technical recession after growth in Q1.

Inflation is down to its lowest in two and a half years, and well below the peak of 11.1% in October last year.

Inflation came in below economists' forecasts of 3.5%.

Real GDP still remains 0.1% lower in the three months to January than the previous quarter.

High inflation, weaknesses in the labour market, low productivity growth and adverse weather conditions all weighed on activity.

Economists had predicted a small rise.

GDP fell by 0.2% over the three months to November.