Article 48FW1 UK services sector flatlines as Brexit fears slow economy

UK services sector flatlines as Brexit fears slow economy

by
Larry Elliott Economics editor
from Economics | The Guardian on (#48FW1)

Survey shows companies starting to cut staff in response to a decline in new business

Britain's pivotal services sector has posted its weakest performance since the immediate aftermath of the EU referendum amid growing signs that Brexit uncertainty has slowed the economy to stall speed.

The latest health check of a sector that accounts for almost 80% of UK output showed services companies starting to reduce staff numbers in response to a decline in new business.

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