UK jobs cuts accelerate as firms fret over stagflation Economics UK service firms are cutting jobs at the sharpest rate since November 2020 as fears about the state of the economy spread. S&P Global’s latest UK Services PMI, which measures business activity in the services sector, found that 24 per cent of firms cut their employees in February, compared to only 13 per cent which [...]
UK economy: Services firms’ new orders fall for first time in over a year Economics The survey showed that incoming work for services firms decreased in January, ending a 14-month period of continuous growth.