LONDON (Reuters) – British companies are struggling to find the staff they need and expect higher inflation in the year ahead, according to a survey published on Thursday by the Bank of England which is weighing up whether to raise interest rates this month.
The BoE’s monthly Decision Maker Panel survey showed 85% of respondent firms were finding it harder to recruit new employees compared to normal, with 58% reporting it to be much harder.
The survey also showed year-ahead annual price inflation was expected to be 4.2%, up from 3.9% in the October survey.
(Writing by William Schomberg, editing by Andy Bruce)
