Reeves given mixed signals after jump in services sector

RACHEL Reeves yesterday received mixed signals about the state of the economy ahead of her spring statement as S&P Global's purchasing managers' index pointed to an upturn in services while manufacturing declined again.

- By Mauricio Alencar

The Chancellor's statement will be delivered tomorrow as global trade war tensions escalate and worries over new tax hikes deepen.

The latest S&P UK PMI survey signalled that manufacturers were already suffering from Donald Trump's tariff threats on steel and aluminium as weak demand has taken its toll on declining export sales.