Businesses across the North East are feeling the squeeze of growing costs, and many are turning to overdraft facilities to combat the trend.
The results of two new surveys - BDO LLP's 'rethinking the economy' and the Lloyds Bank UK Recovery Tracker - show many firms are concerned by inflationary pressures on everything from raw materials to power.
More than half of respondents to BDO's survey said they had already accounted for inflation of between 6%-10% this year, the highest since the 1990s.
