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Evening Standard
Evening Standard
Business
Anna Wise

Businesses prepare to cut staff as they brace for slowdown, CBI finds

Businesses are bracing for a slowdown, the CBI found (Aaron Chown/PA) - (PA Archive)

A persistent slowdown in activity among private sector firms could weigh on economic growth over the coming months, with businesses set to cut staff and raise prices, according to a survey.

The upcoming increase to national insurance contributions has prompted firms to assess their budgets urgently, the Confederation of British Industry (CBI) said.

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