UK Private Sector Stagnates After Budget Tax Hike, PMI Shows

By Yahoo! Finance | Nov 22, 2024 at 04:30 AM EST

The UK private sector shows signs of stagnation post-budget, with S&P Global's composite PMI dropping below 50. Firms express concerns over Chancellor Rachel Reeves' fiscal plans, impacting business confidence and growth projections. The services sector experienced a notable slowdown, signaling potential economic decline.

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