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UK firms struggle to find staff, higher inflation – BoE survey

FILE PHOTO: People walk past the Bank of England, in London
FILE PHOTO: People walk past the Bank of England, in London, Britain October 31, 2021. REUTERS / Tom Nicholson

December 2, 2021

LONDON (Reuters) – British companies are struggling to find the staff they need and expect higher inflation next year, according to a survey released on Thursday by the Bank of England weighing in. whether to raise interest rates this month or not.

The BoE Decision Board’s monthly survey found that 85% of businesses surveyed find it harder to recruit new employees than usual, with 58% saying it is much harder.

The survey also found that annual price inflation is expected to be 4.2%, up from 3.9% in the October survey.

(Written by William Schomberg, edited by Andy Bruce)

https://www.oann.com/uk-firms-struggle-to-find-staff-see-higher-inflation-boe-survey/?utm_source=rss&utm_medium=rss&utm_campaign=uk-firms-struggle-to-find-staff-see-higher-inflation-boe-survey UK firms struggle to find staff, higher inflation – BoE survey

Bobby Allyn

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