Budget uncertainty is weighing on UK economy, say businesses

Concerns about the impact of next month’s budget are ‘jangling nerves’ in the manufacturing sector, say economists. Photograph: David Davies/PA

Uncertainty before Labour’s first budget since 2010 next month is weighing on the UK economy, according to two separate business surveys.

The data company S&P Global said UK private sector activity growth slowed for the second consecutive month in September, affecting the services and manufacturing industries.