UK #recession risk rises as flash #PMI falls deeper into contraction in January amid worsening service sector economy and ongoing manufacturing decline. More at bit.ly/3WzVTev 
Survey highlights how headwinds are driving UK economic activity lower, though price pressures are thankfully cooling - albeit remaining elevated
Survey data also highlight how the #BoE policy tightening is having an impact. More rates hikes to come amid reduced government help to households and businesses will undoubtedly add to recession risks.
While it's clear that UK business confidence about the year ahead has continued to pick up from the low seen during the Truss leadership ... optimism and new orders growth are nonetheless still at historical low levels.
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