Just when we thought we were in the clear, UK businesses are now menaced by another major crisis after recently recovering from a crippling two years of the COVID-19 pandemic. The rate of inflation is at the highest we’ve seen in 40 years. Gas prices have more than doubled since May 2022 and transporting products has been challenging to say the least.
Under a huge government support package, energy bills for businesses will be cut by around half their expected level this winter. Shielding businesses from volatile and crippling costs; the scheme will establish wholesale gas and electricity prices for six months starting from 1 October.
Looking at how UK businesses plan to navigate this landscape, Savanta’s article will uncover:
• The increase in financial cutbacks and cautious spending habits
• Declining customer demand
• Increasing supplier costs
Read more about this on their website.