Home Business news UK recovery slows amid waning consumer demand and staff shortages

UK recovery slows amid waning consumer demand and staff shortages

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Snapshot of the economy in 10-day period to 21 July prompts concerns that recovery is stalling

Britain’s recovery from its winter lockdown has slowed sharply as businesses struggle with waning consumer demand and shortages of materials and workers, the latest snapshot of the economy has found.

The closely watched update from IHS Markit and the Cips reported growth at its slowest since March amid signs of wide-ranging staff shortages and a new mood of caution among the public triggered by rapidly rising coronavirus infection rates.

Continue reading…Snapshot of the economy in 10-day period to 21 July prompts concerns that recovery is stallingCoronavirus – latest updatesSee all our coronavirus coverageBritain’s recovery from its winter lockdown has slowed sharply as businesses struggle with waning consumer demand and shortages of materials and workers, the latest snapshot of the economy has found.The closely watched update from IHS Markit and the Cips reported growth at its slowest since March amid signs of wide-ranging staff shortages and a new mood of caution among the public triggered by rapidly rising coronavirus infection rates. Continue reading…