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Investing

Omicron hits UK companies’ plans for sales and jobs: BoE survey

Published by maria gbaf

Posted on January 7, 2022

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LONDON (Reuters) – The emergence of the Omicron variant of coronavirus hit British businesses’ expectations for sales, jobs and investment last month, a Bank of England survey showed on Thursday.

The BoE’s Decision Makers’ Panel report showed companies expected to output price inflation to hit 4.5% in the three months to December 2022, up from 4.2% in the November survey.

(This story refiles to remove extraneous word in second paragraph).

(Reporting by Andy Bruce; Editing by Alistair Smout)

LONDON (Reuters) – The emergence of the Omicron variant of coronavirus hit British businesses’ expectations for sales, jobs and investment last month, a Bank of England survey showed on Thursday.

The BoE’s Decision Makers’ Panel report showed companies expected to output price inflation to hit 4.5% in the three months to December 2022, up from 4.2% in the November survey.

(This story refiles to remove extraneous word in second paragraph).

(Reporting by Andy Bruce; Editing by Alistair Smout)