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UK businesses trim hiring and pay plans, Lloyds says

British businesses trimmed their plans for staffing and wage increases this month, according to a survey published on Wednesday that suggested April s big increase in the minimum wage is weighing. -March 26, 2024 at 08:01 pm EDT - MarketScreener

Food & Drink Manufacturers See Sharp Fall In Output But Other Sectors Showing Green Shoots Of Recovery

Food & Drink Manufacturers See Sharp Fall In Output But Other Sectors Showing Green Shoots Of Recovery
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UK businesses start 2024 with confidence at two-year high - Lloyds

British businesses started 2024 with their confidence at the highest level in nearly two years but their plans for more staffing are not translating into accelerating wage growth, according to a.

UK businesses start 2024 with confidence at two-year high

British businesses started 2024 with their confidence at the highest level in nearly two years but their plans for more staffing are not translating into accelerating wage growth, according to a survey published on Wednesday. In a report likely to be welcomed by the Bank of England as it readies its latest interest rate decision, the Lloyds Bank Business Barometer jumped by nine points to 44% this month, its strongest since February 2022. Hann-Ju Ho, Senior Economist Lloyds Bank Commercial Banking, said weaker inflation and hopes of interest rate cuts pushed the index to its highest level for the month of January since 2016.

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