Over a quarter of small businesses warn of ceasing trading if outlook doesn’t improve
A survey of 1,070 UK SME (small and medium-sized enterprise) owners and self-employed workers by insurance provider, Simply Business, has revealed how the economic climate is taking its toll. The SME Insights Report 2023 finds that 26% of small business owners believe they will be forced to cease trading if…
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Half of small businesses forced to increase prices to navigate rising costs
A report into UK SMEs (small and medium-sized enterprises) has revealed the survival tactics they are putting in place, in response to the current economic climate. The SME Insights Report by UK small business insurance provider, Simply Business, surveyed over 1,000 small business owners from across the UK to discover…
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