British businesses are cutting staff at the fastest pace in more than four years ahead of a tax increase ordered by finance minister Rachel Reeves which has already prompted suppliers to jack up their prices, a survey showed this week.
The preliminary reading of the UK S&P Composite Purchasing Managers’ Index (PMI) for February dipped marginally to 50.5 from 50.6 in January, remaining just above the 50 level that separates
