Budget blamed for end to 12 months of expansion as optimism slumps
The Guardian|November 23, 2024
Labour's first budget in 14 years has been given the "thumbs down" by private sector businesses, with Rachel Reeves's measures blamed for the end to a 12-month run of expansion and a fall in retail sales.
Mark Sweney Phillip Inman
Budget blamed for end to 12 months of expansion as optimism slumps

Many businesses said the first fall in business activity in November since the same month last year was a result of tax rises announced by the chancellor, while official figures showed retail sales had dropped in October, the first month of the "golden quarter" for retailers before the Christmas rush.

Manufacturers registered a "solid decline" in new work and the rate of contraction accelerated to the fastest level since February, according to a closely watched survey by S&P Global Market Intelligence.

Chris Williamson, the firm's chief business economist, said the contraction in November was only marginal, but reflected deeper concern about the prospects for the year ahead.

The S&P Global Flash purchasing managers' index (PMI) dropped from 51.8 to 49.9, based on polling of company managers this month.

Denne historien er fra November 23, 2024-utgaven av The Guardian.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra November 23, 2024-utgaven av The Guardian.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA THE GUARDIANSe alt
Debt, IT woes and no chief executive What returning Asda boss has in store
The Guardian

Debt, IT woes and no chief executive What returning Asda boss has in store

Allan Leighton faces a back-to-thefuture challenge as he once again takes charge at struggling Asda.

time-read
3 mins  |
November 26, 2024
Sweeney's RFU salary rises to £1.1m amid job cuts and losses
The Guardian

Sweeney's RFU salary rises to £1.1m amid job cuts and losses

The Rugby Football Union chief executive, Bill Sweeney, was paid £1.1m for the 2023-24 financial year despite record losses and swingeing job cuts at the governing body.

time-read
1 min  |
November 26, 2024
'Probably more out than in' Salah leans towards exit with Liverpool yet to offer new deal
The Guardian

'Probably more out than in' Salah leans towards exit with Liverpool yet to offer new deal

Mohamed Salah says he is disappointed Liverpool have not offered him a new contract and feels \"probably more out than in\" in terms of staying beyond the end of the season.

time-read
1 min  |
November 26, 2024
Reds' contract dance with Salah was always likely to be complex
The Guardian

Reds' contract dance with Salah was always likely to be complex

Revamp after Jürgen Klopp's exit did not help and time is short for Liverpool to make their talisman feel wanted

time-read
4 mins  |
November 26, 2024
Guardiola insists ageing squad is not behind City's alarming drop in form
The Guardian

Guardiola insists ageing squad is not behind City's alarming drop in form

Pep Guardiola has denied that a key factor in Manchester City's run of five consecutive defeats is that nine of his squad are aged 30 or older, with the manager pointing to how the same players were Premier League champions last season.

time-read
2 mins  |
November 26, 2024
Wan-Bissaka seals West Ham win to take heat off Lopetegui
The Guardian

Wan-Bissaka seals West Ham win to take heat off Lopetegui

On a bitterly cold Tyneside night, West Ham finally remembered how to fight back.

time-read
2 mins  |
November 26, 2024
Arteta seeks ruthless edge to fix away-day woes in Europe
The Guardian

Arteta seeks ruthless edge to fix away-day woes in Europe

Mikel Arteta has challenged his Arsenal team to fix their patchy European away form against a vibrant Sporting tonight, admitting they need to improve a record of one win in their past eight continental trips.

time-read
1 min  |
November 26, 2024
I've got my mojo back ... I actually felt unwell at the end at Chelsea'
The Guardian

I've got my mojo back ... I actually felt unwell at the end at Chelsea'

After recharging her batteries in the US, Emma Hayes reflects on the grind of club coaching and fresh ambitions

time-read
3 mins  |
November 26, 2024
Spurs blow as Vicario faces long spell out after surgery
The Guardian

Spurs blow as Vicario faces long spell out after surgery

Guglielmo Vicario has had surgery to repair an ankle fracture sustained in Tottenham's 4-0 Premier League win at Manchester City on Saturday.

time-read
1 min  |
November 26, 2024
The Guardian

Verstappen in 'that club' with Senna and Hamilton

Red Bull chief Horner claims his driver's fourth, and most challenging, world title puts him in same class as the greats

time-read
3 mins  |
November 26, 2024