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25.12 - 18:59
One in three UK small firms plan major staff cuts, survey reveals
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A third of UK small businesses are planning to make staff redundant over the next few months, rising to more than four in 10 in London, according to a new survey.
In a clear sign of the financial stress felt by many owner-run businesses as they head into a potentially difficult new year period, many also said they would be forced to raise prices, withBritain’s supply chain meltdown being cited as the main reason– adding further to inflationary pressures.
The poll of 442 businesses found many were struggling with repaying the debts they racked up to get them through the pandemic as well as grappling with other challenges from supply chain disruption to shortages of key staff such as drivers and chefs, and high energy costs.
A separate study by
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