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Recession fears sparked by slump

The powerful services sector shrank in June at its sharpest rate since the aftermath of the 9/11 terrorist attacks, raising fears in the City that Britain may soon be gripped by recession.

The powerful services sector - the locomotive of the UK economy - shrank in June at its sharpest rate since the aftermath of the 9/11 terrorist attacks, raising fears in the City that Britain may soon be gripped by recession.