UK economy ‘running on empty’ as high inflation threatens recession, and drives up borrowing costs – business live

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UK business confidence hits levels that signal a recession, as new orders growth weakens

Private sector growth in both Germany and France has slowed sharply this month, which will fuel concerns that Europe’s economy is faltering.

In France, growth has slumped to its weakest since the peak Omicron disruption at start of 2022, the latest survey of purchasing managers shows.

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