UK firms cutting staff at fastest pace since February as economy struggles

Headcounts being reduced in response to higher taxes and uncertainty over US tariff threats, PMI survey showsBusiness live – latest updatesUK businesses are cutting jobs at the fastest pace since February in response to higher taxes and global uncertainty caused by Donald Trump’s tariff threats, according to a closely watched survey of the private sector.The flash S&P Global purchasing managers’ index (PMI) for July showed a decline in fresh orders, hitting jobs and dragging down growth. Continue reading...

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