The findings of the survey, from the Chartered Institute of Purchasing and Supply, are particularly worrying given that swingeing UK public spending cuts have yet to get under way in earnest.
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‘Alarming’ rise in risk of double-dip
The dangers of a double-dip recession are growing “alarmingly”, a leading economist warned yesterday as a key survey showed a sharp slowdown in growth of the UK’s dominant services sector in August and big staff lay-offs.
