Reported about 17 hours ago
Britain's services sector experienced a slowdown in November due to rising employment costs, as indicated by the S&P Global UK Services Purchasing Managers Index, which fell to 50.8 from 52.0 in October. This decline, while less severe than initial fears, reflects concerns over increased employer taxes and higher minimum wage, leading to reduced hiring and dampened business optimism. Companies are also putting investment plans on hold amid worries about inflationary pressures and demand.
Source: YAHOO