UK economy

S&P Global’s purchasing managers’ index slipped to 49.4, slightly down from 49.7 in May

Regulations exert a powerful influence over 10 Downing Street

A Jul 22 EU-UK summit aims to seal a deal to ease non-tariff barriers from mid-2027

Inflation was held down by food and non-alcoholic drinks

Services inflation has been running at an average of 4.5 per cent over the last 12 months

It follows a bumper first quarter when Britain enjoyed strong growth

Massive layoffs show how the Labour government’s tax hikes are hitting the British’s top employers

Governments are responding to affordability concerns by negotiating retail price cuts, but results disappoint

Pickup is likely to be brief as it is largely driven by businesses bringing forward purchases