Price hikes are coming as firms battle Reeves tax raid, Bank of England survey suggests
Inflationary pressures are likely to persist this year as firms prepare to hike prices to combat the effects of Rachel Reeves’ tax-raiding Budget, a survey from the Bank of England suggests.
The Bank’s latest decision maker panel, which surveys finance chiefs around the country, showed that firms’ inflation expectations picked up in December.
Expected price growth in the year ahead increased to four per cent, up from 3.8 per cent the month before. This was the highest level since April last year.
The survey also showed that realised price growth in the year to December increased to four per cent, up from 3.7 per cent the month before.
https://www.cityam.com/price-hikes-are-coming-as-firms-battle-reeves-tax-raid-bank-of-england-survey-suggests/