Falling inflation does not mean falling pressure for the UK’s small and micro businesses.
In the video, Liz Barclay, Britain's former Small Business Commissioner, discusses the recent drop in inflation to 3% from 3.4%. While this is good news for households, Barclay emphasizes the challenges still faced by small businesses. She explains that businesses are dealing with wage increases, rent increases, and business rates increases, with some reporting significant hikes in costs such as employer's liability insurance. She suggests that if businesses can absorb these costs without raisin...
Liz Barclay
Small Business Commissioner
inflation drop
wage increases
rent increases
business rates increases
