Centre for Economics and Business Research forecasts reasonably strong rise in face of inflation, Omicron and supply chain crisis
. The CEBR said inflation could jump beyond 6% in the UK and to more than 7% in the US, where it reached a 39-year high of 6.8% in November.While wages will also rise amid a tight labour market with declining unemployment and growing numbers of vacancies, soaring inflation will lead to a cost-of-living squeeze in the UK.
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