Round-up: OECD says UK slowed to 2009 levels

Laura Miller
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Figures from the Organisation for Economic Co-operation and Development (OECD) suggest activity in the UK fell for a sixth straight month in July and at its steepest rate since June 2010.

The contraction, from 100.9 to 100.4 - a level not seen since the UK entered recession in 2009 - indicated the country is in a "slowdown", the Telegraph reports. MORE Fourteen homes were sold per UK estate agent in the three months to August - the lowest total for more than two years, a survey has found, according to the BBC. MORE Banks will be given a time limit of seven days to switch a customer's current account and must transfer direct debits and standing orders 'seamlessly', as part of reforms proposed by the Independent Commission on Banking, the Daily Mail reports. MORE Ch...

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