Opec+ agrees to increase oil output; UK household wealth soars; Omicron worries hit markets – as it happened
by Graeme Wearden from on (#5SK1E)
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
- US jobless claims still low... Brazil in recession
- Wall Street fell last night after first US Omicron case found
- 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.
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