Profits in a time of inflation: what do company accounts say in the UK and euro area?
BankUnderground
NOVEMBER 16, 2023
Consistent with previous analysis of aggregate incomes , price indices and business surveys , we find no evidence of a rise in overall profits in the UK – prices have gone up alongside wages, salaries and other input costs. The profit measure we use is earnings before interest and taxes (EBIT), which is a standard accounting measure.
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