UK small businesses face deeper crisis than Covid, study warns

Half of small businesses fear collapse as economic pressure deepens - Credit Connect

As economic pressure mounts and further tax hikes loom, over half (54%) of small and medium-sized businesses (SMBs) say one more major cost hike could force them to shut down. The same number believe today’s economic climate is even more volatile than the Covid-19 crisis, according to research by Dext. The research shows that a year of soaring costs, tax changes, global trade uncertainty and shifting demand has left many firms in survival mode. …

UK small businesses face deeper crisis than Covid, study warns

Over half of UK small business leaders find today’s economy tougher than the Covid peak, with many fearing closure from one more cost hike.