Service sector slowdown caused by financial market turmoil and fears of Brexit are likely to withhold rates at historic lowThe UK is set for another year of record low interest rates,economists have predicted, following news that the dominant services sector suffered a sharp slowdown final month.
Worries about the EU referendum, and turmoil on financial markets and a faltering global recovery all took their toll on confidence among the UK’s services businesses and knocked their growth to a three-year low,according to a closely watched survey.
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Source: theguardian.com