Firms scramble to ‘protect bottom line’ amid low growth

Firms scramble to ‘protect bottom line’ amid low growth

Firms across the UK are putting in “hard work” to limit cost pressures and maintain profits amid low growth, one of the country’s biggest banks has said.  Chancellor Rachel Reeves’s aggressive tax hikes at her last Autumn Budget have piled higher employment costs on businesses large and small, threatening to kill off some companies by eating into their profits. But new research by Lloyds has suggested that there are pockets of mild success withi…