Office for National Statistics

As inflation in the UK hits zero for the first time on record, industry experts share their views on what this means for the UK economy and investors.

The Office for National Statistics (ONS) has confirmed GDP in the UK expanded by 0.5% in the fourth quarter of 2014.

The UK's current account deficit widened faster than expected in the third quarter to reach a record high of £27bn.

Business investment fell by 0.7% in the third quarter despite a steadily growing economy, Office for National Statistics data has revealed.

UK debt

The Office for National Statistics has revised second quarter growth figures in the UK up from 0.8% to 0.9% in its final estimate.

UK unemployment fell to its lowest level in six years in the three months to July, according to the latest figures from the Office for National Statistics (ONS).

UK consumer price inflation assumed its downwards trajectory once more in July following a sharp spike the previous month.

UK unemployment dropped to a near six-year low but sterling has fallen against the dollar after the Bank of England cut wage forecasts, suggesting rates will remain on hold for the foreseeable future.

Fund managers have backed financials, retailers, and housebuilders to benefit following the latest move down in UK inflation.