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UK Recession Risk Grows as Companies Cut Staff at a Sharp Pace

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(Bloomberg) -- Britain’s private sector companies shed workers at the fastest pace since the pandemic and the depths of the financial crisis more than a decade ago, adding to the risk of a recession.Most Read from BloombergEx-Goldman Bankers Make a Fortune With Controversial Bet on CoalIndia Suspends Visas, Canada Pulls Diplomats Amid TensionsMcCarthy Ambushed as Republican Hardliners Change Course on Spending PlanChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseWall Street Trading Ro

-- House Speaker Kevin McCarthy’s latest plan to avert a government shutdown was ambushed Thursday by a pair of ultraconservatives, ratcheting up the risk of an Oct. 1 federal funding lapse with Republicans still fighting among themselves.

A former federal prosecutor who helped investigate the origins of the Trump-Russia probe said Wednesday she left the team because of concerns with then-Attorney General William Barr’s public comments about the case and because she strongly disagreed with a draft of an interim report he considered releasing before the election. It marked the first time Dannehy has spoken publicly about her sudden resignation from the probe overseen by former special counsel John Durham. Durham, a former U.S.

 

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UK Recession Risk Grows as Companies Cut Staff at a Sharp PaceBritain’s private sector companies shed workers at the fastest pace since the pandemic and the depths of the financial crisis more than a decade ago, adding to the risk of a recession.
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