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Page last updated at 07:34 GMT, Tuesday, 7 October 2008 08:34 UK

'Testing times' for small business

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What are the effects of the turmoil on financial markets on the "real economy" and small businesses? Stephen Alambritis, of the Federation of Small Businesses and Timothy Melgund, chief executive of stationers Paperchase, discuss whether the UK economy is "already in a recession".

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