Thursday, 31 May 2012

BoE's Bean: some UK firms can't pass on higher #energy costs


number of regional businesses in Britain are unable to pass on higher costs including from higher energy prices, Bank of England Deputy Governor Charlie Bean said in a newspaper interview published on Thursday.

Bean gave the interview during a visit to local business leaders in Norfolk, in eastern England.

"A number of them were talking about the extent to which their margins were being squeezed and they are unable to push through price increases despite the rise in costs which often might be reflected in things like higher energy prices," Bean told the Eastern Daily Press.

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