UK economic growth remains subdued; BOE set to raise rates

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 businesses were increasingly worried as Britain's departure from the European Union approaches with little clear sign of its future trading relationships.