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Daily Telegraph: "Triple-dip threat rises as UK service sector shrinks"

Link to Daily Telegraph

"Concerns that the UK is 'triple-dipping' back into recession rose on Friday, as a closely-watched gauge of the services sector showed output fell for the first time in two years.

"Markit’s purchasing managers’ index (PMI) threw up a reading of 48.9 for December (where anything below 50 signals activity in the sector contracted).

Nick Beecroft, an analyst at Saxo Capital Markets, called it a 'pretty disastrous' result. The reading signalled that, except for 2010’s snow-hit December, activity in the sector is shrinking for the first time since early 2009. Then, stock markets were only just recovering from their post-crisis lows."

Link to web site

The Independent:
"I’ll make 'damn sure' big companies pay their tax, says David Cameron"
"The world’s most powerful leaders must mount a concerted effort to prevent multinational companies such as Starbucks and Amazon legally avoid large corporation tax bills, David Cameron will urge in his role as president of the G8.
"The Prime Minister vowed to make 'damn sure' that multinational firms paid their fair share of tax on their UK operations.

"He is to use Britain’s presidency of the G8 group of the most industrialised nations, which began this week, to discuss ways of stopping global companies moving their money through different jurisdictions to minimise tax payments."

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