The latest S&P Global Flash UK PMI composite output index dropped to 48.5 in May from 52.6 in April. A 13-month low and well below the 50 expansion threshold…
That reading significantly undershot the 51.6 consensus forecast from Reuters-polled economists. Services saw the sharpest activity decline since January 2021, with the overall reading the lowest outside the pandemic in nearly a decade. S&P Global’s Chris Williamson said there is a “perfect storm” of political uncertainty compounding the economic fallout from Iran…
Firms reported falling output, surging inflation, supply shortages, and job cuts, with weaker investment sentiment and delayed consumer spending decisions. And Labour’s faux-leadership contenders are arguing about how much to increase tax by…
Paula Barker, Liverpool Wavertree MP backing Andy Burnham, told Times Radio there wouldn’t be trouble from the markets under Burnham:
“The markets will have to fall in line.”