UK Firms More Optimistic After Deal With US, PMI Shows
UK business optimism rebounded in May to its highest level since the aftermath of Labour's first budget after a deal to ease trade tensions between Britain and the US, according to a closely watched survey.
S&P Global's gauge measuring output expectations across manufacturing and services rose to match the level in November, shortly after Chancellor of the Exchequer Rachel Reeves knocked business confidence with a tax-raising budget.
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