Investing
Omicron hits UK companies’ plans for sales and jobs: BoE survey
Published by maria gbaf
Posted on January 7, 2022
1 min readLast updated: January 28, 2026
Global Banking & Finance Review®
Company
Published by maria gbaf
Posted on January 7, 2022
1 min readLast updated: January 28, 2026
The Omicron variant has disrupted UK businesses' sales, jobs, and investment plans, with inflation expected to rise to 4.5% by December 2022, according to a BoE survey.
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)
The article discusses the impact of the Omicron variant on UK businesses' sales, jobs, and investment plans.
It has negatively impacted expectations for sales, jobs, and investment, with anticipated inflation rising.
The survey shows businesses expect output price inflation to reach 4.5% by December 2022.
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