Seven in 10 Scottish businesses have said they are set to put up their prices as record levels of concern over inflation are reported.
According to the Scottish Chambers of Commerce’s latest business survey, firms are also starting to feel the impact of reduced spending, as consumers tighten their belts and disposable income drops, hitting cashflows and profits.
Stephen Leckie, president of the chamber, warned: “Firms are becoming increasingly anxious about rising inflation, energy prices and cost pressures.
