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The economy

Mixed business reactions to end of ‘plan B’ restrictions

All restrictions end on 26 January.

Inflation hits thirty-year high

Food prices largest contributor to rising inflation.

ONS: Workers on payroll increases 0.6%

184,000 more payrolled employees in December 2021.

UK economy surpasses pre-pandemic level

November 2021 UK GDP estimate up 0.7% on February 2020.

Rising concerns about impact of inflation

Survey suggests 24% of individuals are “very concerned”.

Retail footfall slips amid Omicron concerns

Shoppers limited their in-store trips to avoid COVID variant.

Business confidence remains flat in November 2021

Concerns about energy costs and employment taxes increase.

Small business confidence loses steam

State of economy cited as major problem for businesses.

HMRC collects £100bn more in 2021/22 than previous year

Tax take recovers to pre-pandemic level.

Energy prices push inflation to 4.2% in October 2021

Combative interest rate hike could be on the horizon.