Services sector

UK services sector flatlines as Brexit fears slow economy | Business – Business Article

Britain’s pivotal services sector has posted its weakest performance since the immediate aftermath of the EU referendum amid growing signs that Brexit uncertainty has slowed the economy to stall speed. The latest health check of a sector that accounts for almost 80% of UK output showed services companies starting to reduce staff numbers in response to a decline in new business. After downbeat news from the manufacturing sectors, the closely watched survey of services from the Chartered Institute of Procurement…

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UK economy slumps into stagnation as Brexit uncertainty hits demand – business live | Business – Business Article

“Service sector growth ground almost to a halt in January, matching similar disappointing news in the manufacturing and construction sectors. The last three months have seen the economy slip into its weakest growth spell for six years, and indicate that GDP likely stagnated at the start of 2019 after eking out modest growth of just 0.1% in the fourth quarter. “With the exception of July 2016, when demand contracted briefly following the surprise Brexit vote, service providers suffered the largest…

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Staffline begins inquiry over concerns about invoicing and payroll | Business – Business Article

Recruitment and training firm Staffline has launched an internal investigation after concerns were raised over “invoicing and payroll practices” within its recruitment division. The firm, which supplies staff to major UK companies including Tesco and Marks & Spencer, said in a stock market announcement that the issues were brought to the board’s attention on Wednesday morning, and confirmed that it was delaying the planned publication of its full-year earnings as a result. A spokesperson for the company said an internal…

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