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Birmingham Post
Birmingham Post
Business
Hannah Baker

Cost of living crisis: 'It is crucial the government takes action to support businesses'

The government is being urged to do more to support the business community amid the cost-of-living crisis in the UK. The rate of inflation - the price of goods and services - rose to 10.1% on Wednesday (August 17), hitting a new 40-year high.

The boss of South West chamber of commerce Business West has said it is "crucial" the government "takes action" by showing it has plans to aid economic recovery - despite the current political uncertainty.

Phil Smith, managing director of Business West, said firms were facing "myriad issues" including soaring energy prices, which are due to skyrocket during the autumn.

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