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Omicron hits UK companies' plans for sales and jobs: BoE survey

Omicron hits UK companies' plans for sales and jobs: BoE survey
Omicron hits UK companies' plans for sales and jobs: BoE survey   -   Copyright  Thomson Reuters 2022
By Reuters

LONDON – The emergence of the Omicron variant of coronavirus hit British businesses’ expectations for sales, jobs and investment last month, a Bank of England survey showed on Thursday.

The BoE’s Decision Makers’ Panel report showed companies expected to output price inflation to hit 4.5% in the three months to December 2022, up from 4.2% in the November survey.

(This story refiles to remove extraneous word in second paragraph).