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UK services activity falls sharply

Industry News
Friday 3rd July, 2026 UK services activity fell to a three‑and‑a‑half‑year low in June as higher costs from the Iran war, UK political uncertainty and weak demand cut new work and drove job losses. This gives Wise a chance to talk about how cost‑sensitive UK households and businesses manage cross‑border payments and cashflow amid slowing services activity in the UK.
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Why have we flagged this?

A sharp UK services slowdown affects cross-border transactions and remittances; Wise could provide customer payment volume and sector-specific transfer trends to contextualise the impact.

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