UK economy facing ‘heightened risk of recession’
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The UK’s economy may have tipped into recession following a downturn in the dominant service sector, according to closely-watched figures.
The IHS Markit/CPS purchasing managers’ index for services fell to a six-month low of 49.5 in September. The 50 level divides growth from expansion.
It suggests the economy shrank 0.1% in the three months to September, after a…