Companies are facing a “cost-of-doing-business crisis” that will lead to rising prices, lower investment and firms shutting down, a leading business group says.
A survey of 1,000 businesses by the British Chambers of Commerce (BCC) found that almost three out of four are raising prices, while half are cutting costs and almost one in five are scaling down investment.
One in 20 respondents to the BCC poll said they are considering ceasing to trade.
