UK service sector recovers from 11-month low

Activity in the UK's service sector picked up slightly in September, according to a closely-watched survey. The Markit/CIPS purchasing managers' index (PMI) for services rose to 53.6, up from an 11-month low of 53.2 in August. Above 50 indicates growth. However, the UK still lags behind the eurozone, where services PMI grew strongly to 56.7

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UK government borrowing rises in June

Government borrowing increased last month after the state was forced to pay higher interest on its debt. Public sector net borrowing, excluding state-owned banks, rose to £6.9bn in June, up £2bn from a year earlier. The government's debt costs jumped by more than a third in June from a year earlier after rising inflation pushed

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