FTSE 100 Live: blue chips set for a positive start despite negative GDP reading

7:30am: GDP headache for chancellor ahead of budget GDP shrank as the year started, declining 0.1% in January against expectations for a 0.1% expansion. Industrial output was largely to blame, according to the ONS. The data comes ahead of Chancellor Rachel Reeves’ Spring Statement at the end of the month, adding pressure on policymakers. The Bank of England is expected to hold…