Greedy company profits responsible for almost 60% of inflation rise, unite finds
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A JUMP in corporate profits has driven almost 60 per cent of inflation in the last six months amid a ballooning cost-of-living crisis, a damning Unite study found today.
An analysis of the FTSE 350 revealed profit margins for Britain’s largest listed companies were 73 per cent higher in 2021 than in 2019 before the pandemic.
In the last six months alone, company profits increased by 11.74 per cent from October 2021 to March 2022, the study which used data from company accounts and the Office for National Statistics (ONS) found.
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