Bank of England

Omicron not seen as a serious threat

Expected to hit 5.5% next year

Economy still ‘vulnerable’ to Covid shocks

Inflation rises to 4.2% in October

Overshot market expectation of 3.9%

Labour market uncertainty adds to pressures

GDP 1.3% despite economic pick-up in September

GDP came in at 1.3%, despite economic pick-up in September

MPC voted 7-2

OBR forecasts, business rates and spending review