‘Excess profits’ made by big firms boosted inflation – report
“Excess profits” made by large international companies could have exacerbated inflation and passed on higher costs to consumers, according to a report.
Researchers from the Institute for Public Policy Research (IPPR) and Common Wealth – both British think tanks – analysed the financial statements of 1,350 firms listed on the UK, US, German, Brazilian and South African stock markets.
They found that UK-listed firms such as , , Vodafone and Barclays saw their profits outpace inflation following Russia’s invasion of Ukraine, while ordinary families’
