GDP growth in final quarter of last year

The UK economy grew by 0.5% in the final quarter of last year.

New official figures show the improvement came on the back of a solid performance from the powerhouse services sector.

The Office for National Statistics said services output grew by 0.2% between November and December 2015, with output for November being revised up from 0.2% to 0.3%.

The performance offset a tough end to 2015 for the construction and production sectors, including manufacturing

The GDP figure for the fourth quarter came as a relief amid heightened market volatility on global growth fears.