Uncertainty over general elections drags UK business growth to 7-month low

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Uncertainty over general elections drags UK business growth to 7-month low - Business Standard

Quick Summary:

The BoE kept rates at a 16-year high on Thursday but some policymakers said their decision had been "finely balanced" - bolstering some economists' expectations of an August rate cut.

Britain's Starmer has said he is "pro-business and pro-worker" and wants Labour to be "the party of wealth creation", but not all businesses are set to benefit.

June's slowdown was led by a fall in the services PMI to 51.2 from 52.9, while the smaller manufacturing sector PMI edged up to a two-year high of 51.4 from May's 51.2.