Factory job cuts in UK hit nearly five-year high

NAMPA / DPA

2025-03-03

London (PA Media/dpa) - Manufacturing job cuts in the United Kingdom happened at the fastest rate since 2020 last month as rising taxes and inflation pushed up factory costs and output hit a 14-month low amid fears over trade tariffs. The S&P Global UK manufacturing PMI survey, watched closely by economists, recorded a reading of 46.9 in February, from 48.3 in January. Any reading above 50 indicates activity is growing while any score below means......

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