UK faces recession risk as demand falters, inflation persists
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UK still faces high recession risks as new orders fall for the fifth straight month, raising concerns about persistently weak demand
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Business expectations for future activity remain muted, suggesting economy will struggle in 2023
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Price pressures picked up in November as firms passed on higher costs, sparking worries inflation may prove sticky
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Nissan expected to commit to building next-generation electric models of 2 top-selling vehicles in UK's largest car factory
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Planned real-terms cuts in department budgets effectively paying for tax cuts announced in Autumn Statement, implying more painful austerity than post-financial crisis