UK economy at risk of shrinking as Brexit chaos hurts services
by Richard Partington Economics correspondent from Economics | The Guardian on (#4CCKP)
Overall business activity stalled in March, according to latest IHS Markit/Cips survey
The British economy is at risk of sliding into a deepening downturn after stalling in the first quarter, after the weakest performance in the private sector in almost seven years as Brexit approaches.
In the latest sign the gridlock over leaving the EU is extracting a high price from the economy, the survey from IHS Markit and the Chartered Institute of Procurement and Supply showed overall business activity stalled in March.
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