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UK finance chiefs fear supply chain drag for at least another year

Reuters . London
19 Oct 2021 00:00:00 | Update: 19 Oct 2021 01:45:43
UK finance chiefs fear supply chain drag for at least another year

Supply chain problems that are dragging on the economy’s post-lockdown recovery will persist for at least a year, according to a survey of chief financial officers at top British companies published on Monday.

With the Bank of England trying to assess how long a recent jump in inflation is likely to last, more than half of the chief financial officers surveyed by accountants Deloitte believed consumer price inflation would still be above 2.5% in two years’ time.

In August, the BoE forecast inflation would be only slightly above 2% in two years’ time after hitting 4% in the coming months.

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