Tim Moore, economics director at S&P Global Market Intelligence, said, 'UK service providers indicated that business activity was close to stalling in November, with growth easing to its slowest for over a year. Weaker sales pipelines, cutbacks to new projects and more caution among clients were all cited as having an adverse impact on service sector output.'
Moore added: 'Worries about the impact of policies announced in the autumn Budget, in particular those pushing up employment costs, were widely reported as leading to a gloomier assessment of business investment prospects and the broader UK economic outlook.'
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