Lucy Vickery

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John O'Neill

Businesses give Reeves’s Budget a ‘thumbs down’

What did businesses really think of Rachel Reeves’s Budget? Today we have one of the first economic indicators reflecting their responses to Labour’s tax and spend changes – as well as global events like the US presidential election. The Purchasing Managers’ Index (PMI) fell below 50 in November, which suggests the private sector economy is

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