It’s become the most wonderful time of the year for a market break, as people across continental Europe are busy trying to not bring the Omicron variant to their holiday dinner. Adding to this, on the back of inflation concerns a surprise pre-Christmas present came as the Bank of England raised rates to 0.25%. There’s little surprise that no one is braving the pre-holiday loan market, especially after big expected LBOs have already moved to 2022.