Double-dip here to stay after giant service sector slumps to lowest level for eight months

The UK faces a battle to climb out of recession in the second quarter after data from the crucial services sector showed business activity barely grew in June.

Activity in the service sector - taking in everything from hairdressers to banks and accounting for three quarters of the entire UK economy - shrank to its lowest level in eight months in June, according to the Markit/CIPS purchasing managers' index (PMI). The weak growth led Markit/CIPS to predict a 0.1 per cent fall in GDP for the second three months of the year - which would confirm the UK remains in recession....Daily Mail