• Friday, August 19, 2022

Business

UK Economy Remains Steady in September Amid Brexit Worries

British Economy Remains Steady in September Amid Brexit Worries (Photo: Jack Taylor/Getty Images).

By: Radhakrishna N S

UK economy remained stable and exhibited steady growth amid Brexit uncertainties in September, according to a private survey released on Wednesday (3). September data pointed to another solid increase in business activity across the UK service sector, with the rate of growth easing only slightly since August. The latest survey indicated the fastest rise in employment numbers for seven months, which firms attributed to the need to alleviate stretched capacity and meet long-term business expansion plans. Meanwhile, higher fuel prices led to another sharp rise in input costs, but relatively subdued demand conditions meant that output charges rose at the slowest…

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