Firms predict faster increases in prices amid Middle East conflict

Firms predict faster increases in prices amid Middle East conflict

The Bank of England’s latest survey of finance bosses across UK companies also highlighted growing uncertainty over the business outlook.

Inflation Fears Rise as UK Firms Signal Price Increases

British businesses are preparing to increase prices at a faster pace over the next year, as rising energy costs linked to geopolitical tensions place fresh pressure on the UK economy. According to a new survey by the Bank of England, companies now expect to raise prices by 3.7 percent in the coming 12 months. This marks the highest level since October and reflects a noticeable jump from earlier expectations before the escalation of conflict invo…