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LONDON: Britain’s former telecoms monopoly BT will consolidate its UK offices from 300 locations to roughly 30 sites while pressing ahead with plans to leave its St Paul’s headquarters in London, the company said on Wednesday. New BT chief Philip Jansen inherited a major restructuring begun by predecessor Gavin Patterson
British economic growth almost ground to a halt last month, as modest expansion among services firms barely offset weakness in manufacturing and construction caused by the Brexit crisis and weaker global growth, a business survey showed on Wednesday. The IHS Markit/CIPS services Purchasing Managers’ Index
The Office for National Statistics said Tuesday that the economy grew by 1.8% in May from the previous month. Despite this increase, it is 24.5% smaller than it was in February.
A hefty drop in restaurant prices, spurred by Britain’s scheme to support the hospitality sector through the COVID-19 pandemic, helped to push inflation down last month to its lowest rate in almost five years.