The message from the Bank of England is that the economy has been hit by supply chain bottlenecks, both for goods and workers, pushing back the time when the economy regains all the lost pandemic growth into early next year. And while the inflation picture is now worse, with a forecast peak of 5% when the energy price cap is due to be further increased in April 2022, there is not much the Bank thinks it can do about the global drivers of this.
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Buckingham Group construction company on brink of collapse
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Buckingham Group had a turnover of £665m in 2021 and said despite “very strong commercial performance across most of...
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Firms call for urgent help with energy bills
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The five groups – the British Chambers of Commerce, the Confederation of British Industry, the Federation of Small Businesses,...
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Royal Mail: Three days left to use non-barcoded stamps
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The move is part of the company’s ongoing modernisation drive and will enable “added security features” and “pave the...
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Covid: Taxi and food discounts offer to boost youth vaccine uptake
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The announcement was met with some criticism, with Kate Nicholls, the boss of UK Hospitality calling the announcement “a...
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Ngozi Okonjo-Iweala set to be first African boss of WTO
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After nearly six months without a leader, the World Trade Organization looks set to appoint Nigeria’s Ngozi Okonjo-Iweala as...
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Hapag-Lloyd says Red Sea route still ‘too dangerous’
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“Amid a global recession, Egypt is grappling with shortages of foreign exchange reserves caused by the impact on the...
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Severn Trent to ‘spend billions’ upgrading network
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Severn Trent said the plan would also help it to reduce leakage by 16% and prompt a 30% reduction...
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Post Office plan to sack Horizon IT reviewer kept secret, documents reveal
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The Project Sparrow sub-committee was led by Post Office chair Alice Perkins and included chief executive Paula Vennells, alongside...
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