In May, the growth across UK businesses experienced a slight dip, according to the latest Purchasing Managers' Index (PMI) survey. This early setback comes as a challenge for Chancellor Rishi Sunak and the government, indicating potential economic headwinds.
The PMI survey revealed that the overall business activity in the UK showed a decrease compared to the previous month. This decline suggests a slowdown in economic expansion, which could have implications for various sectors and the overall economy.