UK services firms report steepest drop in activity for three-and-a-half years

Companies in the UK’s services industry reported the steepest decline in activity last month for three-and-a-half years (Yui Mok/PA) - (PA Wire)

Companies in the UK’s services industry reported the steepest decline in activity last month for three-and-a-half years, as the Iran war drove up business costs and dampened demand, new figures show.

Some hospitality firms were nonetheless boosted by the Fifa World Cup in recent weeks.