Public sector cuts stunt services sector growth
The UK's services sector saw its growth stall in July to the lowest level for 13 months, according to the Markit/Chartered Institute of Purchasing and Supply (CIPS) UK Services Purchasing Managers' Index (PMI).
The UK's services sector saw its growth stall in July to the lowest level for 13 months, according to the Markit/Chartered Institute of Purchasing and Supply (CIPS) UK Services Purchasing Managers' Index (PMI). Many of the businesses surveyed said that cancelled public sector contracts were significantly affecting their firm and forcing them to cut staff numbers.
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