Solid services sector ‘bodes well’ for UK economy despite stubborn price pressures Economics Business activity in the services sector picked up in July, according to a closely watched business survey, suggesting that the economy will continue to grow in the months ahead. S&P’s purchasing managers’ index (PMI) for the services sector picked up to 52.5 last month, rising from 52.1 in June and marginally ahead of the 52.4 [...]
Interest rate cuts edge closer after ‘very encouraging’ inflation news Economics Following today’s release, Rob Wood, chief UK economist at Pantheon Macroeconomics, said April’s worryingly high inflation figures were a “flash in the pan”.
Services trade sees UK become world’s fourth largest exporter UK Politics The UK has become the world’s fourth largest exporter thanks to a boost in services, fresh trade figures have shown.