Little evidence of ‘greedflation’ in UK, Bank of England study finds

Bank report says companies making excess profits confined to certain sectors of economy such as energy and retail

Only companies able to exploit market power have been able to increase profit margins since the start of the Ukraine war, according to a Bank of England study that found no widespread evidence of businesses gouging their customers.

The report published on Threadneedle Street's Bank Underground blog said excess profits were confined to certain sectors of the UK economy such as energy and retail. It added that across the economy as a whole profits had fallen because businesses were facing higher costs.