The Bank of England’s chief economist warns inflation will be no quick fix and to expect further interest rate increases to achieve its objective of getting inflation back to 2%.
Concerns on the tightening of the economy and rising inflation cause business confidence in the UK to fall for the third quarter in a row, ICAEW survey finds.
ICAEW’s latest Business Confidence Monitor lays the path for a complex year ahead for some manufacturers, with staff shortages, tax burdens and government support difficulties all highlighted as bumps in the road.