Joint work with Boromeus Wanengkirtyo and @iyotzov.bsky.social

Link: www.bankofengland.co.uk/working-pape...

More details here: decisionmakerpanel.co.uk/wp-content/u...

@nickbloom.bsky.social @paulmizen.bsky.social @gthwaites.bsky.social @krishanshah.bsky.social

And firms which expect to lower wages have reported lower year-ahead expected wage growth.

Firms which expect to increase prices have reported higher year-ahead expected own-price growth…

Differences are already visible in expectations! Firms which expect to lower employees in response to higher NICs have reported lower expected employment growth since the Budget…

Firms expect to adjust along multiple margins - Lower profit margins, higher prices, lower employment, and lower wages. The majority expect to adjust along multiple margins.

Link: www.bankofengland.co.uk/bank-overgro...