Indicators
UK Firms See Biggest Hit to Output and Profit Since Pandemic
- Private sector activity in January was weakest in four years
- One in five UK listed companies issued profit warning in 2024
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Business activity has slumped at British firms and profit warnings have risen, according to two reports that say each trend is the worst it’s been since the pandemic.
The figures, published Monday, were the latest in a slew of weak economic data that is troubling Labour ministers, who have promised to boost growth and invest more money into the UK’s public services.