The Bank of England's Monetary Policy Committee is expected to cut base rates by a full percentage point today after a closely watched survey showed the services sector - the powerhouse of the UK economy - contracted at its fastest rate in 12 years.
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Services shrinking as recession deepens
The Bank of England�s Monetary Policy Committee is expected to cut base rates by a full percentage point today after a closely watched survey showed the services sector contracted at its fastest rate in 12 years.
