Rolling coverage of the latest economic and financial news
- Latest: OPEC+ agrees on planned January oil output rise, sources say
- But group keeps meeting open, in case market conditions deteriorate
- UK household wealth rose 8.4% in 2020
- Wall Street fell last night after first US Omicron case found
- Stocks fall in Europe this morning
- Omicron variant fuelling ‘exponential’ rise in Covid cases, say South Africa officials
More UK companies are stockpiling materials and parts, as inflationary pressures and supply chain shortages continue to hit the economy.
Across all industries, 6% of businesses reported they were stockpiling goods or materials in late November 2021, according to the Office for National Statistics’ latest survey of the UK economy.
