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The Independent UK

National

Adam Forrest

Recession fears grow as UK business activity shrinks

United Kingdom Recession Jeremy Hunt Chris Williamson Rishi Sunak

Independent

Economists have warned of a “heightened” risk of recession after new figures revealed that UK businesses suffered an unexpectedly sharp downturn during August.

Aside from the Covid crisis, the latest purchasing managers’ index (PMI) points to one of the sharpest falls in Britain’s business activity since the 2008 banking crisis.

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