UK service sector growth ‘seizes up’ as firms put plans on hold before election

UK service sector growth ‘seizes up’ as firms put plans on hold before election

Services sector, Business, UK news, Economic growth (GDP), Bank of England, Economics, General election 2024 Business | The Guardian

​June slowdown – to lowest level in seven months – follows ‘wait-and-see approach’ on orders and projectsBusiness live – latest updatesGrowth in the UK service sector slowed last month amid a “seize-up” in activity as companies put projects on hold in the run-up to the general election.The latest snapshot from the data provider S&P Global showed growth in the UK’s dominant service sector – which includes transport, IT, finance, communications, property and business services – slowed in June to the lowest level in seven months. Continue reading… 

June slowdown – to lowest level in seven months – follows ‘wait-and-see approach’ on orders and projects

Business live – latest updates

Growth in the UK service sector slowed last month amid a “seize-up” in activity as companies put projects on hold in the run-up to the general election.

The latest snapshot from the data provider S&P Global showed growth in the UK’s dominant service sector – which includes transport, IT, finance, communications, property and business services – slowed in June to the lowest level in seven months.

Continue reading… 

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