Britain economy avoids triple-dip recession

"Today's figures are an encouraging sign the economy is healing. Despite a tough economic backdrop, we are making progress," Osborne said in a Twitter post.

"The deficit is down by a third, businesses have created over a million and a quarter new jobs and interest rates are at record lows," he said, "We all know there are no easy answers to problems built up over many years, and I can't promise the road ahead will always be smooth but by continuing to confront our problems head on, Britain is recovering and we are building an economy fit for the future."

Meanwhile, Joe Grice, the chief economist at the ONS said: "Today's figures seem to be not out of line with the pattern now of the past few quarters of an upward trend in the economy overall, but still a relatively shallow one and one which to date has been quite bumpy."

Analysts were under grave concerns that the British economy could contract for a second quarter after it shrank by 0.3 percent in the last three months of 2012.

"The rise in GDP will be a big relief for Mr. Osborne. And although the debate about whether the UK was in a triple-dip had been fairly meaningless from an economic point of view, the rise was better than the 0.1 percent increase expected by the consensus," said research body Capital Economics in response to the GDP figures.

John Cridland, director-general of the Confederation of British Industry (CBI), said "The broad-based pick-up in the services sector is an encouraging basis for further organic growth.

"What Britain's economy now needs to see in the coming months is a recovery in manufacturing output, helped by a brighter global outlook," Cridland said.

"The Government must build on these emerging signs of confidence by getting behind Britain's entrepreneurs and exporters," he said, "Avoiding recession will underpin confidence but growth remains too weak," said the British Chambers of Commerce (BCC).

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