UK business activity fell for first time in more than a year in May

Paul Dales, economist at Capital Economics, said the May PMI was the third dataset in three days that suggested “the Bank of England does not need to rush to raise interest rates”.

Paul Dales, an economist at consultancy Capital Economics, said: “The sharp weakening in the labour market in April may help to restrain the recent upward march in gilt yields by highlighting that, so...

Paul Dales, economist at the consultancy Capital Economics, said that the April PMI survey suggested “that so far the economy is holding up better against the headwinds from the Iran war than in our...