UK Services Sector Sees Sharpest Drop in New Orders Since 2022, PMI Reveals
July’s S&P Global survey shows the UK services sector’s weakest new business orders since 2022, with job losses and demand concerns ahead of an expected BoE rate cut.
July’s S&P Global survey shows the UK services sector’s weakest new business orders since 2022, with job losses and demand concerns ahead of an expected BoE rate cut.
The Bank of England is set to cut interest rates from 4.25% to 4.00% next week, aiming to counter slowing inflation and rising unemployment. Analysts expect more cuts by year-end
By Fidelis News | 16 July 2025 | UK News – Economic Update UK inflation rose to 3.6% in June, reaching its highest level since January 2024 and surprising both analysts and the markets. Driven by increasing costs in food, transport, and services, the latest inflation figures are prompting renewed scrutiny of the Bank of…