U.K. Businesses Face ‘Historic’ Price Jumps Just as Growth Slows

U.K. firms are facing an “historic surge” in inflationary pressures and more manufacturers than ever are poised to increase their prices as a result, according to one of the country’s leading business lobbies.

The findings from the British Chambers of Commerce survey, released as firms grapple with supply chain disruption and staff shortages, will make troublesome reading for the Bank of England, which is on the lookout for signs that rapid price gains are becoming entrenched.