The British Chambers of Commerce (BCC) has joined calls for an immediate emergency budget to help small businesses to combat rising costs. Rising energy costs, increases in National Insurance Contributions (NICs) and Minimum Living Wages as well as supply chain issues are putting pressure on small UK businesses. The relentless financial pressure businesses have faced … Read more

According to recent research by insolvency expert Begbies Traynor Group, the number of businesses in critical distress has risen by 1,891 in the first three months of 2022. This rise in the number of businesses in critical distress, which means they are at risk of failing, is concerning, as it is almost a fifth higher … Read more

Due to increased financial pressure on Small and Medium Enterprises (SMEs), one in four already had to enact price increases, according to a study by lending firm iwoca. The small business lender surveyed over 500 small business owners and found that 46% are hugely concerned about the increased running costs of their businesses. Followed by … Read more