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Edinburgh software firm 2i hails benefits overhaul contract
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What next for yields? - MacroBusiness
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UK firms hit by record cost inflation as rapid growth cools slightly
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The UK’s private sector is growing at its fastest rate since 2013, according to a measure that is closely watched by economists.
The Purchasing Managers’ Index (PMI) rose from 56.4 in March to 60 in the first weeks of April, data shows.
The IHS Markit/CIPS Flash UK Composite PMI provides one of the first measures of an opening economy, as the country emerges from the winter lockdown periods.
Any score above 50 means that the sector is growing.
It was the highest reading in 89 months, experts said, and driven in no small part by the service sector, which started to open again.
UK close to Australian trade deal Louise Moon, Simon Foy
Government borrowing hit £303.1bn in year ending March
Retail sales jumped 5.4pc compared with February
FTSE 100 falls flat, stays shy of 7,000
US market edge higher after a rise in factory activity
05:03 PM
Sterling has a strong day
Sterling has had a strong day today, rebounding from a sharp fall on Thursday after strong retail sales and PMI figures were a positive sign for Britain s economic recovery.
It rose 0.07pc against the US dollar to $1.384, as the weak greenback continued a disappointing week ahead of the Fed s latest rates decision. The pound was down 0.4pc against the euro at €1.147.