Almost half of U.K. companies expect to increase prices, a record high, adding to inflation concerns that will weigh on Bank of England policy makers ahead of their meeting this week.
A survey by Lloyds Banking Group Plc showed 45% of businesses expect to raise prices, which will buttress market expectations that the U.K. central bank will deliver its first post-pandemic rate rise on Nov. 4. The businesses surveyed said they would need to pass on rising input costs -- including for raw materials and staffing -- to consumers.
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November 01, 2021 at 07:01AM
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Record Share of U.K. Firms Expect to Raise Prices, Lloyds Says - Bloomberg
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