UK firms see biggest hit to output since Covid

Quick Summary:

LONDON: Business activity has slumped at British firms and profit warnings have risen, according to two reports that say each trend is the worst it’s been since the pandemic.

The figures, published yesterday, were the latest in a slew of weak economic data that is troubling Labour ministers, who have promised to boost growth and invest more money into the UK’s public services.

Companies are being hit by “lacklustre demand and caution among consumers, while also continuing to adjust to measures announced in the budget,” said Alpesh Paleja, interim deputy chief economist at the CBI.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaIrelandSwitzerlandThailandUnited Kingdom

Topics: UK Services Output Economy /Business/Business News Production Covid

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-28 @ 00:00:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 552 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 25546800

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1 days ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #22

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