UK PMI Shows Businesses Slashed Jobs After Chancellors Tax Hike

Britain’s private-sector firms cut jobs at the fastest pace since the global financial crisis, outside the pandemic, an early sign of the fallout from Chancellor Rachel Reeves’ £26 billion ($33 billion) payroll tax hike.S&P Global said its composite PMI was unchanged at 50.5 in December, suggesting a largely stagnant picture for the economy. It was close to the 50.6 expected by economists and slightly above the 50 threshold separating growth and contraction.The survey showed a third straight

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