Articles and news on the topic of inflation and its effect on UK SMEs.


Inflation could spell £2bn rise in business rates

Business rates are forecast to rise by almost £2bn in the 2024/25 tax year, adding to the strain that small firms are already facing.


What the cost of doing business crisis is doing to small firms

The cost of supplies and stock has rocketed by 21 per cent year on year, with nine out ten small firms reporting higher costs


Two thirds of firms will increase prices within weeks

More than four in five businesses cite inflation as a growing worry in latest quarterly British Chambers of Commerce survey of business sentiment


Sunak pledges to cut business tax in Autumn Budget

Rishi Sunak vowed to cut business taxes to encourage higher productivity and living standards in his speech at this year's CBI Annual Dinner


A third of businesses expected to raise prices in May

The latest ONS business figures show that firms are putting up customer prices due to increasing energy, labour and raw material costs


Businesses in distress increase by a fifth over a year

Insolvency expert Begbies Traynor calls on government to take softer line with small firms struggling to repay Covid debt


Small businesses expect to increase pay by 3% next year

Staff shortages in shops and restaurants due to double whammy of Brexit and Covid will push wages up by an average 2.9% in 2022 - survey


Londoners feel the pinch as inflation outstrips rest of UK

Londoners have experienced inflation almost a third higher than those outside the capital over the last 20 years, research finds.


Council tax, train tickets and rent voted worst value in the UK

New research looks into the most resentful payments in the UK, as well as the worst value costs.


SME inflation among the highest in eight years

UK small business inflation has risen to one of the highest points in eight years, revealing the true impact of Brexit on inflation.


Falling consumer spending and high inflation slowing UK economy

Government must reduce reliance on consumer spending and rebalance the rising inflation for sustainable growth.


Perfect storm for SMEs as inflation could add £6.8 billion to costs

2017 is likely to be a tough year for businesses, with an increase in business rates being introduced while revenues are expected to remain stagnant.

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