UK facing ‘elevated’ recession risks as new orders fall; Nissan’s EV boost in Sunderland; Turkey hikes rates – as it happened

Latest PMI survey shows a marginal return to growth for UK companies, but falling orders raises recession risk

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Some of the policies announced this week by Jeremy Hunt are potentially inflationary, says Emma Wall, head of investment analysis and research at Hargreaves Lansdown.

She told CNBC that the 8.5% increase in the state pension from April, and the near-10% rise in the national living wage, will lead to increased demand and higher spending.