UK Private Sector Shrinks as Starmer Crisis Adds to Iran Shock
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Article Excerpt
Article content (Bloomberg) — British businesses posted the first decline in output in over a year as the Iran shock and a mounting rebellion against Prime Minister Keir Starmer hit activity in the services sector, a survey showed. Article content S&P Global’s purchasing managers’ index dropped to 48.5 in May from 52.6 in April, according to preliminary estimates. The reading was much worse than the 51.6 score expected by economists and below the 50 threshold separating growth from contraction. Article content Article content The last time that Britain’s private sector contracted was in April …
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May 21, 2026