UK Companies Plan Price Hikes Amid Energy Crisis
Glasgow News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
UK companies anticipate a 3.5% price increase over the next year, driven by surging energy costs due to the Middle East conflict. Inflation concerns and uncertainty are at record highs, with 57% of business leaders reporting high or very high risk. Food inflation could reach 9% by year-end, as oil and gas prices fluctuate. Tighter budgets lie ahead for UK consumers as companies pass on costs and prepare for further volatility.
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