UK Firms Cut Jobs, New Orders as Economy Struggles to Grow

Starmer’s economic woes continue as UK firms struggle with rising costs, job cuts

UK private sector growth slowed in July as rising costs, new taxes and global trade tensions hit business confidence. The PMI fell to a two-month low, employment weakened and pressure mounts on the Bank of England ahead of its next rate decision.

UK Firms Cut Jobs, New Orders as Economy Struggles to Grow

Britain’s private sector lost momentum in July as the fallout from the Labour government’s first budget and a febrile global backdrop prompted firms to cut jobs and new orders, according to a closely watched survey.

UK firms cutting staff at fastest pace since February as economic pressures mount – Your Capital Minds

UK businesses are reducing staff numbers at the fastest rate since February, according to new data, as higher payroll taxes and uncertainty over US tariffs put increasing pressure on company costs and consumer demand. The flash S&P Global purchasing managers’ index (PMI) for July showed a further slowdown in economic momentum, with fresh orders falling, export sales contracting, and employers citing the need to cut headcounts due to rising costs…

UK firms cutting staff at fastest pace since February as economic pressures mount

UK businesses are reducing staff numbers at the fastest rate since February, according to new data, as higher payroll taxes and uncertainty over US tariffs put increasing pressure on company costs and consumer demand. The flash S&P Global purchasing managers’ index (PMI) for July showed a further slowdown in economic momentum, with fresh orders falling, export sales contracting, and employers citing the need to cut headcounts due to rising costs…

UK firms struggle to grow as BOE rate decision approaches

British business activity grew only weakly in July and employers cut jobs at the fastest pace in five months, according to a survey that is likely to add to speculation about a Bank of England interest rate cut next month.

UK PMI composite falls to 51, BoE cut pressure builds - Action Forex

The UK economy showed signs of losing momentum in July, with Composite PMI falling from 52.0 to 51.0. A modest rise in Manufacturing PMI to 48.2 from 47.7 failed to offset a sharp slowdown in services activity, which dropped from 52.8 to 51.2. Overall, the data point to a fragile expansion at the start of […] The post UK PMI composite falls to 51, BoE cut pressure builds appeared first on Action Forex.