No recession respite as UK services stagnate

Britain's dominant service sector stagnated in April and an extra holiday and festivities for the Queen's Diamond Jubilee failed to lift consumers' spirits, data showed on Friday, giving little hope of an escape from recession in the second quarter. The gloomy news strengthens expectations the Bank of England will restart its printing presses when it meets next week and provide further stimulus to an economy that sank back into recession around the turn of the year..Reuters