Businesses in Nottingham have expressed their concerns about being “strong enough to survive” through rising financial rates and the cost of living crisis. It comes after the government have announced a higher energy price cap, a rise in national insurance and an increase in VAT. Owners of businesses in Nottingham city centre voiced their thoughts about these changes and called on the government to help.
Robert Freckingham, 43, owner of The Cheese Shop on Flying Horse Walk said they are making adjustments where they can. “Energy prices have gone up for the shop," he said. "We have got a lot of refrigeration so obviously fridges are costing more to run. We have to make sure doors on fridges are shut and not left open while we are walking in and out.
“It makes a difference, if you can save a few quid, you can save a few quid. But we have got to eat, so hopefully as a business we will be fine and keep moving forward. We can’t move back.”
