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    Labour will not strike deal with SNP to take Boris Johnson down, says senior MP

    Labour will not strike deal with SNP to take Boris Johnson down, says senior MP

    Jacob Rees-Mogg boasts his banker pals are ‘jogging along’ as inflation causes misery for millions

    Jacob Rees-Mogg boasts his banker pals are ‘jogging along’ as inflation causes misery for millions

    Scottish independence: Who could lead pro-UK group during next referendum campaign?

    Scottish independence: Who could lead pro-UK group during next referendum campaign?

    Scottish independence debate is futile without legal certainty on a referendum – Paul Hutcheon

    Scottish independence debate is futile without legal certainty on a referendum – Paul Hutcheon

    Council leaders ‘deeply disappointed’ with Nicola Sturgeon over pay dispute

    Council leaders ‘deeply disappointed’ with Nicola Sturgeon over pay dispute

    Boris Johnson wins confidence vote as Tory MPs fail to oust Prime Minister

    Boris Johnson wins confidence vote as Tory MPs fail to oust Prime Minister

    Scots Tory MP ‘utterly appalled’ at Boris Johnson but stops short of calling for him to resign

    Scots Tory MP ‘utterly appalled’ at Boris Johnson but stops short of calling for him to resign

    SNP MP Kirsty Blackman claims Scotland is paying for the UK through oil and gas windfall tax

    SNP MP Kirsty Blackman claims Scotland is paying for the UK through oil and gas windfall tax

    Boris Johnson is a gift to the SNP and a threat to the United Kingdom – Paul Hutcheon

    Boris Johnson is a gift to the SNP and a threat to the United Kingdom – Paul Hutcheon

    SNP Government accused of failing to rule out 12% rise in water charges

    SNP Government accused of failing to rule out 12% rise in water charges

    SNP and Greens in Edinburgh council coalition talks as historic deal looms

    SNP and Greens in Edinburgh council coalition talks as historic deal looms

    Blundering Boris Johnson told by Nazanin Zaghari-Ratcliffe how ‘she lived in the shadow of his words’

    Blundering Boris Johnson told by Nazanin Zaghari-Ratcliffe how ‘she lived in the shadow of his words’

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      Inflation rises again to new 40-year high

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      Bank of England hikes interest rates to 1.25%

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      Hiring activity in Scotland slows amid steep decline in staff availability

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      Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

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      Ange Postecoglou tipped for new Celtic transfer gold amid Champions League millions

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      Magene MG70 Electromagnetic Indoor cycling bike

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      Calvin Ramsay to Liverpool transfer edges closer as Aberdeen star prepares for Anfield medical

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      Carl Starfelt Celtic injury latest as return timeline sparks doubts over Premiership kick off fitness

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      Ylber Ramadani offered Aberdeen transfer advice from Sergio Porrini as Jim Goodwin nears first summer signing

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      Alfredo Morelos posts Rangers champions claim Celtic fans simply aren’t having

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      Gio van Bronckhorst wants Rangers contract answers as he hits back at ‘end of cycle’ claims

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        Save £5 when you spend £25 at Sports Direct with your Daily Record with this great offer inside Monday and Tuesday's paper

        Save £5 when you spend £25 at Sports Direct with your Daily Record with this great offer inside Monday and Tuesday's paper

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        The beautiful message a head teacher sent staff and pupils to recognise how hard things have been

        The beautiful message a head teacher sent staff and pupils to recognise how hard things have been

        Wales’ green, yellow, amber and red school colour codes expected to be scrapped

        Wales’ green, yellow, amber and red school colour codes expected to be scrapped

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        Exam board says grades ‘will be more generous’ amid A level paper complaints

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        Did the Queen go to school and what did she study?

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        Labour will not strike deal with SNP to take Boris Johnson down, says senior MP

        Labour will not strike deal with SNP to take Boris Johnson down, says senior MP

        Jacob Rees-Mogg boasts his banker pals are ‘jogging along’ as inflation causes misery for millions

        Jacob Rees-Mogg boasts his banker pals are ‘jogging along’ as inflation causes misery for millions

        Scottish independence: Who could lead pro-UK group during next referendum campaign?

        Scottish independence: Who could lead pro-UK group during next referendum campaign?

        Scottish independence debate is futile without legal certainty on a referendum – Paul Hutcheon

        Scottish independence debate is futile without legal certainty on a referendum – Paul Hutcheon

        Council leaders ‘deeply disappointed’ with Nicola Sturgeon over pay dispute

        Council leaders ‘deeply disappointed’ with Nicola Sturgeon over pay dispute

        Boris Johnson wins confidence vote as Tory MPs fail to oust Prime Minister

        Boris Johnson wins confidence vote as Tory MPs fail to oust Prime Minister

        Scots Tory MP ‘utterly appalled’ at Boris Johnson but stops short of calling for him to resign

        Scots Tory MP ‘utterly appalled’ at Boris Johnson but stops short of calling for him to resign

        SNP MP Kirsty Blackman claims Scotland is paying for the UK through oil and gas windfall tax

        SNP MP Kirsty Blackman claims Scotland is paying for the UK through oil and gas windfall tax

        Boris Johnson is a gift to the SNP and a threat to the United Kingdom – Paul Hutcheon

        Boris Johnson is a gift to the SNP and a threat to the United Kingdom – Paul Hutcheon

        SNP Government accused of failing to rule out 12% rise in water charges

        SNP Government accused of failing to rule out 12% rise in water charges

        SNP and Greens in Edinburgh council coalition talks as historic deal looms

        SNP and Greens in Edinburgh council coalition talks as historic deal looms

        Blundering Boris Johnson told by Nazanin Zaghari-Ratcliffe how ‘she lived in the shadow of his words’

        Blundering Boris Johnson told by Nazanin Zaghari-Ratcliffe how ‘she lived in the shadow of his words’

        Trending Tags

        • Business
          Inflation rises again to new 40-year high

          Inflation rises again to new 40-year high

          Bank of England hikes interest rates to 1.25%

          Bank of England hikes interest rates to 1.25%

          Hiring activity in Scotland slows amid steep decline in staff availability

          Hiring activity in Scotland slows amid steep decline in staff availability

          Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

          Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

          Sunak told more help on cost-of-living crisis is ‘absolutely imperative’

          Sunak told more help on cost-of-living crisis is ‘absolutely imperative’

          Knowing The Debt Collection Practices

        • Sports
          Jim Goodwin makes Connor Ronan Aberdeen transfer confession and offers Bojan Miovski update

          Jim Goodwin makes Connor Ronan Aberdeen transfer confession and offers Bojan Miovski update

          How to choose a spin bike (3)

          How to choose a spin bike?

          Rangers and SPFL feud could trigger ‘nuclear option’ as Scottish Premiership clubs prepare for crisis talks

          Rangers and SPFL feud could trigger ‘nuclear option’ as Scottish Premiership clubs prepare for crisis talks

          Stephen Odey Rangers transfer latest as Randers set out stall on price for Nigeria striker

          Stephen Odey Rangers transfer latest as Randers set out stall on price for Nigeria striker

          Ange Postecoglou tipped for new Celtic transfer gold amid Champions League millions

          Ange Postecoglou tipped for new Celtic transfer gold amid Champions League millions

          Stephen Kelly reveals Rangers future silence as he admits ‘I haven’t heard a thing’

          Stephen Kelly reveals Rangers future silence as he admits ‘I haven’t heard a thing’

          Magene MG70 Electromagnetic Indoor cycling bike (1)

          Magene MG70 Electromagnetic Indoor cycling bike

          Calvin Ramsay to Liverpool transfer edges closer as Aberdeen star prepares for Anfield medical

          Calvin Ramsay to Liverpool transfer edges closer as Aberdeen star prepares for Anfield medical

          Carl Starfelt Celtic injury latest as return timeline sparks doubts over Premiership kick off fitness

          Carl Starfelt Celtic injury latest as return timeline sparks doubts over Premiership kick off fitness

          Ylber Ramadani offered Aberdeen transfer advice from Sergio Porrini as Jim Goodwin nears first summer signing

          Ylber Ramadani offered Aberdeen transfer advice from Sergio Porrini as Jim Goodwin nears first summer signing

          Alfredo Morelos posts Rangers champions claim Celtic fans simply aren’t having

          Alfredo Morelos posts Rangers champions claim Celtic fans simply aren’t having

          Gio van Bronckhorst wants Rangers contract answers as he hits back at ‘end of cycle’ claims

          Gio van Bronckhorst wants Rangers contract answers as he hits back at ‘end of cycle’ claims

          Trending Tags

          • Technology
            Boss of Dundee app Snappy Shopper warns local shops face wipeout by ‘dark stores’

            Boss of Dundee app Snappy Shopper warns local shops face wipeout by ‘dark stores’

            Nine red flag signs a phone could be hacked – from overheating to mystery calls

            Nine red flag signs a phone could be hacked – from overheating to mystery calls

            WhatsApp makes huge change to group chats for users from today

            WhatsApp makes huge change to group chats for users from today

            Email scam warning issued as fraudsters impersonate government and make enticing offer

            Email scam warning issued as fraudsters impersonate government and make enticing offer

            Apple warning as tech giant says replacement batteries could lead to safety issues

            Apple warning as tech giant says replacement batteries could lead to safety issues

          • Health
            ‘Brave’ nine-year-old motocross star set to lose leg in heartbreaking cancer battle

            ‘Brave’ nine-year-old motocross star set to lose leg in heartbreaking cancer battle

            Armband VS chest strap heart rate monitor, which is better

            Armband VS chest strap heart rate monitor, which is better?

            Parents warned against giving water to breastfed babies even in heatwave

            Parents warned against giving water to breastfed babies even in heatwave

            Sex can help men live longer – and has important health benefits for woman too

            Sex can help men live longer – and has important health benefits for woman too

            Monkeypox cases in Scotland grow as officials list two reasons to contact doctors

            Monkeypox cases in Scotland grow as officials list two reasons to contact doctors

          • Entertainment
            Save £5 when you spend £25 at Sports Direct with your Daily Record with this great offer inside Monday and Tuesday's paper

            Save £5 when you spend £25 at Sports Direct with your Daily Record with this great offer inside Monday and Tuesday's paper

            Typhoid could be latest medical risk to UK as strains build tolerance to antibiotics

            Typhoid could be latest medical risk to UK as strains build tolerance to antibiotics

            Safe sex advice in new monkeypox guidance from experts amid UK outbreak

            Safe sex advice in new monkeypox guidance from experts amid UK outbreak

            Parkinson’s early sign could appear in sleep as experts warn to be on look out

            Parkinson’s early sign could appear in sleep as experts warn to be on look out

            Struggling UK chippies to ask Norway for more fish to ‘keep prices under control’

            Struggling UK chippies to ask Norway for more fish to ‘keep prices under control’

          • Life Style
          • Travel
          • Education
            The beautiful message a head teacher sent staff and pupils to recognise how hard things have been

            The beautiful message a head teacher sent staff and pupils to recognise how hard things have been

            Wales’ green, yellow, amber and red school colour codes expected to be scrapped

            Wales’ green, yellow, amber and red school colour codes expected to be scrapped

            Exam board says grades ‘will be more generous’ amid A level paper complaints

            Exam board says grades ‘will be more generous’ amid A level paper complaints

            The huge amount of school that children in Wales have missed this year as tens of thousands miss lessons

            The huge amount of school that children in Wales have missed this year as tens of thousands miss lessons

            Did the Queen go to school and what did she study?

            Did the Queen go to school and what did she study?

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          Sector growth slows as rising inflation weighs on demand

          May 22, 2022
          in Business
          Reading Time:4min read
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          Output growth in most UK sectors slowed in April as rising inflation weighed on demand for goods and services.

          While the overall UK economy continued to grow, eight out of the 14 sectors monitored by the Bank of Scotland’s tracker experienced a slower rate of output growth month-on-month – four more than in March.

          However, the number of sectors recording an overall increase in output remained resilient, dropping by only one month-on-month.

          The slowdown in output growth was driven by consumers and businesses reining in spending amid concerns over levels of inflation, with 11 out of 14 sectors recording weaker demand for new orders in April – the highest number since July 2021.

          The economic headwinds have led to expectations that businesses are likely to respond by focusing on building in financial and operational resilience, including through strong working capital management and optimising inventory levels.

          The UK Sector Tracker is an evolution of the Bank of Scotland UK Recovery Tracker, using PMI data from S&P Global.

          Businesses in the service sector continued to see overall order volumes grow month-on-month, despite the sector recording the sharpest slowdown in order growth.

          Between March and April, service sector new orders index fell by five and a half points to 54.9, compared to a decline of 0.1 points in the equivalent manufacturing sector index (51.7). A reading above 50 on the tracker indicates a rise, while a reading below 50 indicates contraction.

          Tourism and recreation – which includes pubs, hotels, restaurants and leisure facilities – saw output grow at the second-fastest rate of any sector monitored in April (65), behind only software and services (69.2), as firms continued to benefit from a relaxation in Covid-19 travel restrictions.

          However, the sector’s pace of growth slowed month-on-month as firms reported a fall in new business for the second month in a row (56.6 in April vs. 63.6 in March and 64.5 in February).

          The output of the transport sector – which includes airlines, hauliers and rail operators – also continued to fall, decreasing for a fourth consecutive month (46.1 vs. 49.7), as new business orders contracted at their fastest pace since February 2021 (42.6).

          The manufacturing sector’s pace of order growth in April was the softest in 15 months. Manufacturers of metals and mining products registered the sharpest month-on-month drop in output (47.6 in April vs. 64.4 in March), as firms saw a contraction in new business (49.0 vs. 58.6).

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          Businesses’ own inflationary pressures rose at the fastest pace in 24 years of the tracker’s underlying data in April, amid a particularly sharp acceleration in costs across the manufacturing sector.

          Six out of the seven manufacturing sectors monitored by the tracker reported faster input cost inflation. Firms were a record 16 times more likely than the long-run average to report higher energy costs and five times more likely to report more expensive material costs – the highest level since October 2021.

          A spike in agricultural commodity prices underpinned record cost inflation for food and drink manufacturers for a second consecutive month, registering 96.8 on the tracker’s Input Price Index – up from 94.3 in March.

          Meanwhile, incidences of supplier delivery delays increased for the first time since October 2021, with delays most common among technology equipment (22.4) and industrial goods producers (28.1).

          Service sector costs in April also rose at the greatest extent on record, as businesses faced rising goods prices, salary pressures and energy costs.

          Tourism and leisure firms recorded the fastest uptick in input prices of any services sector – registering 91.4 on the Input Price Index – followed by transportation businesses (87.6).


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          Against a backdrop of rising costs, businesses increased what they charged customers at a record pace in April. The Prices Charged Index posted a record increase from 68.3 in March to 69.4.

          Price increases were most common among manufacturing firms, particularly automobile and auto parts (85.9) and food and drink (80.8) producers.

          Despite inflationary pressures, UK businesses continued to raise their employment levels, with 13 of the 14 sectors registering a rise in employment over April – the same proportion as March as firms maintained efforts to clear staffing backlogs.

          Jeavon Lolay, head of economics at Lloyds Bank Commercial Banking, said: “Consumers are becoming far more conservative in relation to spending as the cost of living rises – which in turn is having a direct impact on business’ output growth.

          “Businesses are also battling intense cost pressures, with a record share of firms reporting raising prices to maintain margins. However, it remains to be seen just how much more they can pass on – with higher prices already having a sizeable knock-on effect on demand in some sectors.

          “While the strength of the UK labour market represents a major positive for consumers, firms continue to struggle to fill vacancies, which poses risks for faster wage growth and further increases in inflation in the year ahead. ”

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