Britain's Services Sector Squeezed by Rising Costs
Update: 2025-12-01
Description
Britains services sector faces mounting pressure due to rising costs, as highlighted in a new CBI report. Businesses struggle to pass on increased expenses, leading to a decline in profitability and employment. Anticipating further financial challenges, companies brace for additional costs from minimum wage increases and National Insurance changes. The governments latest budget exacerbates the situation, painting a challenging outlook for the sector.
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