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Recession fears develop, rate of interest expectations decline after shock output hunch

Recession fears stalked the City once more right this moment as a key enterprise survey painted a grim image of the strains within the economy this month.The preliminary or “flash” model of the carefully watched S&P Global/CIPSprivate sector output index fell much more steeply...

UK GDP shrinks by 0.1% in May as financial institution holidays sluggish financial system

The risk of a recession this yr continues to loom over the UK financial system, as official figures immediately revealed the UK financial system shrank by 0.1% in May.However, the additional financial institution vacation for the King’s coronation meant a decline in GDP was...