By Jonathan Davies

The UK economy grew faster than first thought in 2014, according to the Office for National Statistics (ONS).

The ONS said the economy grew by 0.6% in the final quarter of the year, revised up from 0.5%. That revision means that the UK economy grew by 2.8% in the whole of 2014, not 2.6%.

The figures showed that strong exports contributed to the majority of the increase.