Category: Services sector

What agreements have been made during Starmer’s trip to China?

Several deals have been struck so far but there does not appear to be a big bundle of investments worth billionsKeir Starmer will be pleased that he has secured several agreements to mark his visit to Beijing and by the warm...

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UK economy entering 2026 amid sharp private sector downturn, says CBI

Business lobby survey finds firms ‘put brakes on key spending decisions’ before autumn budgetHeather Stewart: Four reasons to be cheerful about UK plc in 2026Wes Streeting urges closer EU trading ties to grow...

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UK economy expands as GDP rises by 0.1% in August ahead of crucial budget

Manufacturing and health sectors boost growth but ONS revises down figures for JulyExclusive: says higher taxes on wealthy ‘part of budget story’Business live – updatesThe UK economy expanded by 0.1% in August,...

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UK economy shrinks unexpectedly in blow to Rachel Reeves

ONS data showing 0.1% fall in GDP in January comes less than two weeks before chancellor’s spring statementBusiness live – latest updatesThe UK economy contracted by 0.1% in January, dealing a blow to Rachel Reeves...

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Hospitality firms ‘to incur £1bn costs from employer NICs on 774,000 more workers’

Industry body says businesses and jobs at risk unless Rachel Reeves’s tax changes delayed or alteredThe hospitality industry will incur an extra £1bn of costs for 774,000 of its workers who will be newly eligible for...

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IMF warns Trump trade tariffs could dent global economy

New report upgrades outlook for UK economy with growth now forecast at 1.1% rather than 0.7%While the IMF is upbeat about global growth it knows where dangers lurkThe International Monetary Fund has warned the trade tariffs...

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