UK Business Growth Hits Two-Year High, But Service Sector Jobs Cut

British businesses experienced a second consecutive month of rebound in early 2026, reaching a two-year high in growth. However, jobs in the services sector are being sharply cut, partly attributed to higher taxes imposed by the Labour government, according to an S&P Global UK survey.

24 Feb, 05:00 — 24 Feb, 05:00

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cyprus-mail190d ago

UK business growth hits two-year high but service sector jobs are cut

British businesses have extended their early 2026 rebound into a second month, but jobs are still being sharply cut among services firms partly as a result of higher taxes imposed on them by the Labour government, a survey has shown. The S&P Global UK Composite Purchasing Managers’ Index rose to 53.9 in a preliminary report […]

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UK Business Growth Hits Two-Year High, But Service Sector Jobs Cut

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UK business growth hits two-year high but service sector jobs are cut

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