UK firms cutting staff at fastest pace since February as economy struggles
by Phillip Inman from Economics | The Guardian on (#6YW66)
Headcounts being reduced in response to higher taxes and uncertainty over US tariff threats, PMI survey shows
UK businesses are cutting jobs at the fastest pace since February in response to higher taxes and global uncertainty caused by Donald Trump's tariff threats, according to a closely watched survey of the private sector.
The flash S&P Global purchasing managers' index (PMI) for July showed a decline in fresh orders, hitting jobs and dragging down growth.
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