Business inflation hits UK SMEs hard

Cost inflation makes life tough for UK small businesses.

By News Desk
14th July 2008 at 11:09

ballooninflation A quarter of UK small businesses have seen a dramatic 10% rise in costs over the last 12 months and one in 10 have experienced 25% increases according to research released today by Creditsafe.

Predictably businesses in the food/agriculture and transport sectors have been worst hit as a result of sharp rises in the price of commodities and oil.

Simon Camilleri, managing director, 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.

Commenting Is Easy

Do you have an opinion on this news item? Have something to add that others might find helpful? Then please leave a comment in the box below.

If you'd like to have your image included next to your comments here, then you can set yourself up with an avatar in just a couple of clicks.

Leave a comment

Related Posts

Photostream

Listen to the sales podcast for SMEs Subscribe to the podcast on iTunes

BUSINESS PODCASTS

Click on one of the play buttons to listen to inspirational interviews with entrepreneurs from SmallBizPod.

SmallBizPod #43 - European technology startups

SmallBizPod #43 - European technology startups

PostedDetails | PostediTunes
play small business podcast now
SmallBizPod #44 - eBay entrepreneur, clicks & mortar

SmallBizPod #44 - eBay entrepreneur, clicks & mortar

PostedDetails | PostediTunes
play small business podcast now
SmallBizPod #100 - Martin Pellew, British Chambers of Commerce

SmallBizPod #100 - Martin Pellew, British Chambers of Commerce

PostedDetails | PostediTunes
play small business podcast now
SmallBizPod #87 - the eBay podcast: interviews with Dan Wilson & Sue Bailey

SmallBizPod #87 - the eBay podcast: interviews with Dan Wilson & Sue Bailey

PostedDetails | PostediTunes
play small business podcast now
SmallBizPod #99 - interview with Tanya Wheway, chairman of Wheway Lifestyle International

SmallBizPod #99 - interview with Tanya Wheway, chairman of Wheway Lifestyle International

PostedDetails | PostediTunes
play small business podcast now
SmallBizPod #64 - British Library, Facebook and Startups

SmallBizPod #64 - British Library, Facebook and Startups

PostedDetails | PostediTunes
play small business podcast now

PARTNER PROMOTIONS

If looking to boost your businesses performance with promotional marketing, travel incentives or incentive schemes get it touch with NDL Group