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UK economic growth remains subdued; BOE set to raise rates

Economy seen expanding 0.3% in Q3; PMI shows services growth up unexpectedly in September

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New orders increased at the weakest pace since August last year while inflation pressures rose at the fastest pace in several months.

London

BRITAIN'S economy remains stuck in low gear but price pressures are rising again, according to surveys on Wednesday that will probably keep the Bank of England on track to raise interest rates soon.

The IHS Markit/CIPS Purchasing Managers' Index (PMI) also showed that...

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