Rising costs hurt UK SMEs
24 Jul 2008 | Filed under: Industry NewsAccording to research published by the business information organisation Creditsafe earlier this month, one in ten UK SMEs have seen their costs rise by 25% in the last year. A quarter of UK small businesses have seen costs rise by 10%.
Simon Camilleri, managing director of Creditsafe UK, said:
“If the business inflation continues to rise we may see thousands of businesses forced to lay off workers, put a brake on expansion plans and even struggle to survive.”
Given these fears, it’s little wonder our consultants are telling us they’re so busy as more and more companies take steps to manage their overheads and mitigate business inflation.
