Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag UK manufacturing jobs cut at fastest rate since 2020 due to rising costs, weak demand.

flag UK manufacturing jobs are being cut at the fastest rate since 2020, with the S&P Global UK manufacturing PMI survey showing a reading of 46.9 in February. flag This marks five consecutive months of contraction due to rising costs from increased employer taxes and minimum wage hikes, set to take effect in April. flag Factories are implementing redundancies and reducing working hours, while also facing weak demand and supply chain issues. flag Despite these challenges, business optimism reached a six-month high in February, fueled by investment spending and hopes for economic improvement.

21 Articles