UK private sector sees weak growth and gloom persist in months ahead, CBI says

Private sector employers warn over job cuts and hiring freeze

Bosses prepare to scale back on hiring after Rachel Reeves fuels labour costs

UK private sector sees weak growth and gloom persist in months ahead, CBI says

Britain's private sector expects output to slide over the next three months in their gloomiest outlook since May, as cautious consumer spending and cost pressures continue to weigh on businesses, an industry survey showed on Tuesday.

Reeves blamed as private sector slumps amid pre-Budget 'limbo'

Rachel Reeves has been blamed for leaving firms in 'limbo' amid intense pre-Budget speculation as private sector activity slumped at the fastest pace since the pandemic.

UK Private Sector Sees Weak Growth and Gloom Persist in Months Ahead, CBI Says

Businesses left ‘in limbo’ during Budget speculation as confidence slumps – Your Capital Minds

The UK’s private sector spent much of the autumn effectively “in limbo”, delaying investment and hiring decisions amid weeks of swirling Budget speculation that business leaders say left them bruised and uncertain about the government’s intentions. The latest monthly survey from the Confederation of British Industry (CBI) reveals that firms sharply downgraded expectations for activity in the months ahead. The composite measure for anticipated pr…

Businesses left ‘in limbo’ during Budget speculation as confidence slumps

New CBI data shows UK businesses froze investment and hiring as months of Budget speculation created “limbo”. Confidence plunged, activity fell at the fastest rate since 2020, and mortgage approvals dropped amid fears of tax rises.