British business growth slows to five-month low amid tax uncertainty

British business activity grew at the slowest pace in five months in September as companies and consumers put big spending decisions on hold as they waited to see if they would be hit by tax rises in November’s budget, a survey has shown.

The S&P Global Purchasing Managers’ Index for Britain’s services sector sank to 50.8 in September from 54.2 in August, its lowest since April – when major tax