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The U.K. Is on Course for a Recession

  • PMIs imply contraction of 0.1% in third quarter: IHS Markit
  • Brexit uncertainty causing investment to flatline, Boone says
Pedestrians walk down Regent Street in London.

Pedestrians walk down Regent Street in London.

Photographer: Simon Dawson/Bloomberg
Updated on

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The U.K. may be on course for its first recession since the financial crisis after Brexit uncertainty pushed down the nation’s dominant services industries more than expected.