All the day’s economic and financial news, including healthchecks on the world’s service sectors

Earlier:

UK firms are also suffering from uncertainty over Britain’s exit from the EU.

Business confidence about future prospects hit the lowest level since March, today’s PMI report shows.

“Business expectations for the year ahead meanwhile sank markedly lower, down across all three sectors to one of the lowest levels seen since the EU referendum, largely reflecting increased anxiety over Brexit negotiations.

“Given the increasingly unbalanced nature of growth and the darkening business mood, risks to the immediate outlook seem tilted to the downside.”

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Good news for UK workers — the staff shortage is forcing some services firms to pay them more.

Markit says:

Difficulties recruiting suitably skilled staff contributed to higher salary payments in August.

Continue reading…

Read More UK companies struggle to hire staff amid Brexit uncertainty – business live

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