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UK services sector surprises with growth

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UK services sector surprises with growth

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Britain’s services sector showed a surprise hike in October activity according to the latest figures.

On the back of the PMI data, which covers firms that account for 40% of GDP, the Bank of England are now widely expected to postpone further stimulus unless the economy dips again.

But last month’s Spending Review has left companies cautious, with continued uncertainty over spending cuts.