UK firms shed jobs at fastest rate in three years amid payroll hikes January 6, 2025 Weak demand and higher payroll costs have led to the steepest decline in service sector jobs since January 2021, according to a new survey. Nearly a quarter of survey respondents reported a fall in workforce levels, while 12 per cent signalled a rise, data from the S&P Global UK Services PMI showed. “Service providers widely [...]
Budget tax hikes send business confidence to two year low, survey shows December 4, 2024 S&P's purchasing managers' index (PMI) for the services sector showed that business expectations for the year ahead were at their lowest level since December 2022.
UK’s momentum remains ‘healthy’ ahead of latest GDP figures September 9, 2024 Economists think that the latest monthly GDP figures, set to be released on Wednesday, will show that the economy grew 0.3 per cent in July.