Britain: Services sector suffering says new CBI report

UK services companies suffered further falls in business in the past three months, in spite of hopes of a rebound, according to a key survey which will raise further concerns about the state of the economy.

The survey, published today by the Confederation of British Industry (CBI), signals significant overall falls in the volume and value of business in the past three months for consumer services and business and professional services firms, as well as tumbling optimism.

It also shows a continuing slide in employment among consumer services firms.

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