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

Economy40 minutes ago (Dec 02, 2021 09:57)

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

LONDON (Reuters) – British companies are struggling to find the staff they need and expect higher inflation in the year ahead, according to a survey published on Thursday by the Bank of England which is weighing up whether to raise interest rates this month.

The BoE’s monthly Decision Maker Panel survey showed 85% of respondent firms were finding it harder to recruit new employees compared to normal, with 58% reporting it to be much harder.

The survey also showed year-ahead annual price inflation was expected to be 4.2%, up from 3.9% in the October survey.

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

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