Shropshire businesses cite inflation and costs as top concerns

Summarised from Shropshire Live's report · Updated 12 Oct, 07:18 · Archive

Shropshire's small business community has highlighted inflation and rising costs as their main concerns in a British Chambers of Commerce survey.

The British Chambers of Commerce has included feedback from Shropshire's business community in its latest quarterly economic survey. The findings show inflation is the top concern among employers, followed by taxation. Nearly half of firms surveyed expect turnover to rise this year, but fewer than one in five plan to increase investment over the coming months.

A small manufacturing firm responding to Shropshire Chamber of Commerce's own survey said the cost of running a business had become shocking, with rising business rates, National Insurance and other government measures creating particular pressure on small and medium-sized enterprises. More than 90% of businesses that fed into the British Chambers of Commerce survey were small and medium sized. Business confidence had improved slightly over the three-month period, though the hospitality sector remained under the most pressure, with labour costs the main price pressure facing firms.

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• Shropshire’s business voice is heard in national surveyThe British Chambers of Commerce has highlighted the concerns of Shropshire’s small business community on a national stage in the results of its latest quarterly economic survey.Shropshire Live · 12 Oct, 07:05

In this story: British Chambers of Commerce · Shropshire Chamber of Commerce · Shropshire

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