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Insider UK
Business
Rebecca McCurdy, PA Scotland Political Reporter

Business in 'crisis mode' due to cost of living, Scottish Chambers of Commerce warns

The Scottish Chambers of Commerce (SCC) is warning that the nation's businesses are in "crisis mode" as rising costs are preventing them from bouncing back after the pandemic.

The latest quarterly survey findings from the SCC showed rising prices of energy, food and raw materials, alongside labour market insecurity, have led to weaker growth prospects.

The economic indicator report found that, since April 2022, nine in 10 Scottish firms surveyed were continuing to report major inflationary pressures.

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