UK NEWS: UK finance ministers fear the offer of a withdrawal of purchases for at least another year

LONDON, Oct 18 – Problems with goods that drag on the economy after the closure will continue for at least a year, according to a study by senior financial officials at Britain’s top companies published on Monday.

While the Bank of England is trying to figure out how long the inflation rate could last, more than half of the major financial executives surveyed by financiers Deloitte believe consumer prices will still be more than 2.5% over a two-year period.

In August, the BoE forecast inflation rate will be just over 2% over the next two years after hitting 4% in the coming months.

Since then the British economy has been hit by a kind of global economic crisis, as well as labor shortages that have been exacerbated by Brexit’s immigration laws.

The BoE is now expected to raise interest rates for the first time since the outbreak began either later in the year or early 2022.

Deloitte said CFOs expect operating costs to rise sharply in the 14-year history of research over the next 12 months.

The CFOs’ top budget is also planning to increase spending, a welcome news from Prime Minister Boris Johnson, who this month bought out employers in favor of foreign workers due to investment.

Ian Stewart, Deloitte’s chief economist, said the increased investment plans were driven by the British economy from the epidemic and Brexit, as well as the transition to renewable energy.

Tests of 92 CFOs, 18 of which are from FTSE 100 member companies and 32 from FTSE 250 companies, were conducted between September 20 and October 4.

Separately, the head of the producer organization Make UK has called on the government of Prime Minister Boris Johnson to stop treating business as an “internal enemy” after disputes over Brexit.

“Right now there is a feeling that the industry is still fighting for the government to fight the last war and sees business as an enemy within,” said Stephen Phipson, chief executive of Make UK, he said. “Business has continued and the government must do the same.”

Mark UK has called on Finance Minister Rishi Sunak to announce a new industrial strategy in his October 27 budget including an increase in his two-year tax investment and other ways to promote digital and green investment.

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