Fears for UK economy grow as higher prices bite

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The economy contracted by 0.3% in April after it shrank by 0.1% in March, official figures show. …

Elsewhere, other firms reported price rises to other inputs such as animal feed, chemicals, aluminium, steel, cooking oil and fertiliser, while some respondents said they had “difficulties” in sourcing machinery, electronic components, kitchen appliances, and wire harnesses for cars.

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