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UK firms cutting staff at fastest pace since February as economy struggles

Summary by The Guardian
Headcounts being reduced in response to higher taxes and uncertainty over US tariff threats, PMI survey showsBusiness live – latest updatesUK businesses are cutting jobs at the fastest pace since February in response to higher taxes and global uncertainty caused by Donald Trump’s tariff threats, according to a closely watched survey of the private sector.The flash S&P Global purchasing managers’ index (PMI) for July showed a decline in fresh ord…

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the Guardianthe Guardian
Lean Left

UK firms cutting staff at fastest pace since February as economy struggles

Headcounts being reduced in response to higher taxes and uncertainty over US tariff threats, PMI survey showsBusiness live – latest updatesUK businesses are cutting jobs at the fastest pace since February in response to higher taxes and global uncertainty caused by Donald Trump’s tariff threats, according to a closely watched survey of the private sector.The flash S&P Global purchasing managers’ index (PMI) for July showed a decline in fresh ord…

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the Guardian broke the news in on Thursday, July 24, 2025.
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