higher wage bills – The London Business Journal

Banking Business

LONDON BUSINESS ACTIVITY CONTRACTS FOR FIRST TIME IN OVER TWO YEARS AMID ECONOMIC UNCERTAINTY

May 14, 2025May 14, 2025 NewsDesk Bank, Banking, Business Activity Index, Chief Economist, cost, decline, dip in economy, employment, Finance, financial, growth, higher wage bills, IT expenses, London, London’s private sector, National Insurance, Natwest, Private sector, raw material costs, Sebastian Burnside, slow economy

London’s private sector output declined in April for the first time since 2022, as economic uncertainty and cost pressures weighed

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