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Reeves' tax raids and tariff woes strain UK manufacturers
British manufacturers continued to struggle in May, despite a surprise minor uptick, as tax hikes and tariffs weighed on firms. S&P Global’s latest PMI survey, which asks around 600 industrial companies about their performance, revealed manufacturers were still battling a tirade of challenges. The latest figure edged up to 46.4 in May, compared to 45.4 in April – marking the highest level since February. A provisional forecast of 45.1 was initia…
·London, United Kingdom
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