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

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.