Economics
Inflation Pressures Growing in the U.K., Says NatWest’s Davies
- Energy costs, labor squeeze pushing costs even higher
- Central banks are playing catch up on rate hikes, Davies says
Ferries load and unload trucks at the Port of Dover Ltd. in Dover, U.K.
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The U.K. is facing further strain from inflation, with pressure growing from import costs and a tight labor market, according to Howard Davies, the chairman of Natwest Group Plc.