British services firms in February cut staff at the fastest pace since 2020 ahead of tax and minimum-wage hikes that come into effect next month, an industry survey showed this week.
The preliminary reading of the UK S&P Composite Purchasing Managers’ Index (PMI) for this month rose marginally to 51.0 in February from 50.8 in January. That was fractionally lower than an initial estimate of 51.1 and just above the
