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UK manufacturing shrinks at fastest pace in over 3 years

July post-Brexit vote data could add impetus for Bank of England rate cut this week; surveys point to higher chance of a UK recession ahead
Tuesday, August 2, 2016 - 05:50

London

BRITISH manufacturing shrank at its fastest pace in more than three years in July and business confidence tumbled following the "Brexit" vote, according to surveys that show an increased chance of a recession ahead.

The news will give more impetus for the Bank of England (

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