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Evening Standard
Evening Standard
Anna Wise

Businesses ‘buoyed’ by spike in new work post-Budget, but job-cutting persists

The latest S&P Global survey brought ‘welcome news on faster economic growth at the end of the year’, one economist said (James Manning/PA) - (PA Archive)

Growth in the UK’s private sector has sped up this month with businesses “buoyed” by a flow of new work after the Budget, despite persistent job-cutting, a new survey suggests.

The S&P Global flash UK composite purchasing managers’ index (PMI) reported a reading of 52.1 in December, up from 51.2 in November.

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