January marked the 25th successive month of growth for the dominant services sector, as companies benefited from the slide in the oil prices

Britain’s all-important services sector got a major boost from the oil price slump in January with business costs increasing at the slowest pace in five-and-a-half years.

Companies reported a strong start to 2015 with the sector growing faster than expected last month according to the Markit/CIPS PMI survey. New business came through the door at an increased rate compared with December and jobs were created at the fastest pace in six months.

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