UK finance chiefs fear supply chain drag for at least another year

The BoE is now expected to raise interest rates for the first time since the start of the pandemic either later this year or early in 2022.

LONDON: Supply chain problems that are dragging on the economy's post-lockdown recovery will persist for at least a year, according to a survey of chief financial officers at top British companies published on Monday.

With the Bank of England trying to assess how long a recent jump in inflation is likely to last, more than half of the chief financial officers surveyed by accountants Deloitte believed consumer price inflation would still be above 2.5% in two years' time.