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Recession ‘more likely’ as key gauge misses expectations

A key gauge of the UK’s financial power suggests the personal sector contracted quicker than anticipated this month, hitting its worst efficiency since lockdown in early 2021 and sparking warnings of a recession.Companies are additionally lowering the dimensions of their workforce on the quickest...

Financial system ‘loses momentum again’ as personal sector development slows

The UK economic system “has lost momentum again” as development within the personal sector dropped to its slowest for 3 months, based on new knowledge.The closely-followed S&P Global/CIPS flash UK buying managers’ index declined to 52.8 in June from 54 in May.It represented a...