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UK economy wilts after Brexit as PMI dips most in 20 years
PMI for services sector falls to 47.4 in July from 52.3 in June, the steepest drop since records began in 1996
Add BT as a preferred sourcePublished Fri, Jul 22, 2016 · 09:50 PM
London
BRITAIN'S economy is shrinking, the broadest survey of business confidence since last month's historic vote to quit the European Union (EU) showed on Friday, piling pressure on new Prime Minister Theresa May's government to soften the impact.
Philip Hammond, the new finance minister, had already hinted at loosening the national purse strings.
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