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The Independent UK

Business

Anna Wise

UK services sector slows as Iran conflict raises ‘stagflation’ fears

United States Iran United Kingdom Donald Trump Tim Moore Israel

Britain’s services sector experienced a significant slowdown in March, with a key survey indicating that geopolitical tensions in the Middle East and accelerating cost inflation are heightening the risk of “stagflation”.

The closely watched S&P Global UK services PMI survey registered a reading of 50.5 in March, a notable dip from February’s 53.9.

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