Can accountants lead the UK out of recession?

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The UK’s services sector, which includes accounting firms, had the biggest increase in activity for five months in August, new data shows.

Companies in the UK’s services sector – which also includes hauliers, IT and restaurants and accounts for three-quarters of the UK economy – reported increased business and optimism in August, the monthly Purchasing Managers’ Index (PMI) found.

The services PMI, on which a reading above 50 implies expansion, rose from 51 in July to 53.7 in August. The surprising strength of services countered declines in both manufacturing and construction in August, delivering a welcome boost to confidence

Businesses surveyed said the higher activity was due to a combination of new contracts marketing and, in some instan...

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About Nick Huber

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I’m a specialist business journalist and have a particular interest in tax and technology. 


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