Services sector cuts jobs and hikes prices after Reeves’ tax raid Economics The UK’s services sector has turned to hiking prices and shedding workers in an effort to balance the books in the face of rising cost pressures from government policy. Businesses activity picked up for the tenth-consecutive month in February, according to the latest Purchasing Manager’s Index (PMI) from S&P, but came amid a “solid” amount [...]
Rachel Reeves told to ‘get out of the way’ ahead of Autumn Budget Business Chancellor Rachel Reeves has been told to “let businesses get on with it and get out of the way” ahead of delivering her second Autumn Budget in the coming months. A group of 1,500 private business leaders surveyed by KPMG said the Chancellor should focus on promoting higher wages and lower costs for companies. They [...]
Businesses stand ready tackle long-term sickness – if only we let them Opinion The huge spike in people being signed off work for mental health problems is a disaster for their individual wellbeing and for Britain’s economic prospects. Thankfully, the private sector is more than prepared to play its part, says Nick Tyrone The latest employment figures make for stark reading. Data from the ONS this week tells [...]