A solid result, Reuters add a caveat in their report on the data though:
- However, responses weakened in the second week of the survey when the impact of the Omicron variant began to become clearer, with sentiment falling back to 32%, similar to during the spring and summer.
Comments from the Lloyd's report:
- "Businesses face into a number of headwinds and challenging trading conditions, including higher interest rates, as we move into 2022, but many remain resilient and hopeful that acute downside risks are not realised"
- "Pay expectations continue to show strength, reaching new highs of 48% and 26% for firms expecting average pay growth of 2% and 3% respectively,"
- around 14% of businesses expected to raise pay by at least 4%
Cable more or less sideways so far:
