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Services sector slumps to eight-month low, raising prospect of more Bank of England stimulus

Posted by seumasach on July 4, 2012

4th July, 2012

Activity in the sector, which accounts for three quarters of Britain’s economy, came to a virtual standstill according to the Markit/CIPS services PMI, reinforcing expectations that the Bank of England will announce on Thursday £50bn of fresh stimulus to boost the ailing economy.

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This entry was posted on July 4, 2012 at 9:53 am and is filed under UK economy. Tagged: bankrupt Britain. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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