Independent business owners in the city centre have spoken out about their fears for the future as the cost of living and energy crisis continue to skyrocket. It comes as an increase in the energy price cap was announced on Friday, amid protests outside the headquarters of E.O.N in Nottingham.
It's been a difficult year for small business owners who are already trying to recover from Covid restrictions and lockdown closures. The war in Ukraine, Brexit and shipping shortages have also created chaos to pricing and supplies.
However, the ongoing energy crisis and cost of living increases are creating the most significant strain for small businesses as they fight against having to increase their prices to stay competitive. The crisis may shape the future of British high streets and independent retail for months to come as the UK is thought to be entering a recession.
