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Evening Standard

Business

Alex Daniel

UK services sector ‘close to stalling’ in November after Budget tax rises

United Kingdom Budget Tim Moore Insurance SP Global Market Intelligence

The services sector is the biggest in the UK economy (Yui Mok/PA) - (PA Wire)

Growth in the UK’s services sector slowed to its lowest rate in more than a year in November as firms digested a raft of business tax rises in the autumn Budget.

The closely watched S&P Global UK services PMI survey scored 50.8 in November, slowing from 52.0 in October.

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