Please visit https://www.companyrescue.co.uk/ for confidential help and insolvency advice or email keiths@ksagroup.co.uk

Tuesday, 6 July 2010

Small Business Inflation Rises

Daily Telegraph reports a sharp rise in small business inflation according to More Than Business and Warwick Business School survey which uses a basket of 20 key expenditure items for small businesses to monitor changes.

The biggest first quarter increases were concentrated in three areas. Vehicle and maintenance costs and tax was up 7.53pc while fuel costs rose 6.3pc and office equipment and furniture 5.8pc.

Manufacturing has been hardest hit with a quarterly increase of 2.9pc and an annual rate now running at a staggering 7.6pc. Regionally northern and southern England sustained the biggest rise of 2.8pc in the quarter compared with 2.4pc in Scotland.

Mike Bowman, head of More Than Business, part of the RSA group, said that with revised forecasts pointing to slower growth the latest cost increases will test small business cash reserves even further.

No comments :

Post a Comment

Many thanks for your comments. If you have a private business problem and you want advice give us a call on 0800 9700 539 or email me at keiths@companyrescue.co.uk. If you are a professional advisor with a troubled client, please suggest they visit www.companyrescue.co.uk or contact me as above.

Web Analytics