UK Service Sector Reaches 12-Month Negative Confidence Milestone

UK Service Sector Reaches 12-Month Negative Confidence Milestone

The UK services sector has now clocked up a full year of pessimism, according to the Confederation of Business Industry's latest survey of 400 businesses.

Services sector in one year of pessimism, CBI suggests

The UK services sector’s pessimism in business prospects has now lasted a full year, a new survey has found, providing further evidence that the trust between businesses and the Labour government has broken down.  Labour ministers have rolled out a number of strategy papers over the last months to offer firms across the country a vision for higher growth after last year’s Budget hiked employment taxes by some £20bn.  But a new survey conducted b…

Retail And Services Sectors Cut Back As Confidence Crumbles

The UK’s retail and services sectors are scaling back investment and shedding jobs as demand weakens and cost pressures persist, according to two new surveys from the Confederation of British Industry (CBI).

UK services firms are still in the doldrums, CBI says

British services businesses reported another fall in confidence and activity this month, according to a leading employers group which called on finance minister Rachel Reeves to refrain from adding to the corporate tax burden.