Firms “beginning to buckle” under cost pressures as inflation rises

Firms “beginning to buckle” under cost pressures as inflation rises

Responding to new ONS inflation figures, which show the consumer prices index rose by 3.6% in the year to June, Muniya Barua, Deputy Chief Executive at BusinessLDN, said: “Many firms are beginning to buckle under the pressure of surging operating costs. As April’s hike to employer national insurance contributions continues to hit hiring plans, it’s vital that businesses do not bear the brunt of any future tax increases. “Backing for transport, h…

Inflation Headache Remains for Firms | Northamptonshire Chamber of Commerce

Responding to the latest inflation data published this morning by the Office for National Statistics, Stuart Morrison, Research Manager at the British Chambers of Commerce said:  “With CPI rising by 3.6% in June, off the back of fuel price changes, the daily inflation headache for businesses should not be underestimated. Inflation continues to be a major external concern for the firms we represent, cited by over half of businesses in our latest …