energy bills trump price energy bills rise year shoppers sales water

Confidence drops across UK services in face of higher costs and weak demand

CBI survey shows firms cutting hiring and investment as profits squeezed, with outlook gloomy for rest of yearBusiness confidence plunged this month across the UK’s services sector as mounting cost pressures and weak demand hit profits and undermined the outlook for the rest of the year.The CBI’s latest service sector poll found that a majority of companies were gloomy about their prospects and discounted the acceleration in activity that usually follows the return to work after the summer break. Continue reading...

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