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The Guardian - UK
The Guardian - UK
Business
Joanna Partridge

Most small firms fear long-term fallout from UK’s cost of living crisis

Union flags above the south hall of the Covent Garden district of London.
Businesses across the UK are hoping for a four-day bank holiday boost. Photograph: Matt Dunham/AP

Three-quarters of small and medium-sized companies are worried about the long-term impact the cost of living crisis, soaring energy bills and rising inflation will have on their business, a survey has found.

Just over half (51%) of SMEs said they were concerned that rocketing prices would dent consumer spending, in response to Barclays’ SME Barometer, a quarterly survey of business sentiment conducted for the bank.

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