Distress among UK companies has risen for a third consecutive year, to its highest level since the onset of the COVID-19 pandemic, according to a report by consulting firm Alvarez & Marsal. A&M found that 11.2% of UK firms suffered …
Almost one in four British businesses cut jobs in December amid widespread pessimism over the squeeze on their finances from Labour’s tax-raising budget. S&P Global’s purchasing managers’ index confirmed that the private sector stagnated at the end of 2024 with …
Business activity in the UK is on course to shrink for the first time in more than two years as companies cut jobs and rein in investment following the budget, according to the Confederation of British Industry’s monthly growth indicator. …
British employers have been caught off guard by a 25 billion-pound ($31 billion) tax rise at last month’s budget and plan to cut training, investment and jobs in response, a leading employers group said on Monday. The Confederation of British …
Finance minister Rachel Reeves said on Wednesday she would raise employers’ social security contributions to 15% from April, a major revenue raiser for a budget the government hopes will kick-start moves to turn around a flagging economy. Britain’s Labour government …
