Inflation and the cost of living crisis is hitting the British population hard – with small businesses feeling the impact. . We spoke to some small business to find out how they’re being impacted, and how they’re feeling about it all 👇
crisis is hitting the British population hard – with small businesses feeling the impact particularly acutely.
Here, Metro.co.uk speak to some of them to find out how they’re being impacted, and how they’re feeling about it all.‘I refuse to put my prices up to pass it on to the consumer, it would be a death sentence’ ‘All my other bills are creeping up as well. And that’s both for the business and the home, so I would have to pay myself more to afford my increasing home bills too. This means more valuable resources drained from my business.
‘I’ve had to register for VAT this year, which might sound like a great thing – and I should apparently be proud of this achievement as it means my shop is doing extremely well – but when your bills are constantly going up, you have to give away 20% of your monthly takings, on top of taxes, to the government. This is even if you don’t reach your monthly bills target. That’s a tough one.
‘Our staff are paid along with all our other commitments – rent to our landlord, we pay our suppliers, all our utility bills, insurances for the business, licence bills, along with other incidental bills .
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