UK small businesses are increasingly feeling the impact of rising costs but are prepared to take the economic hit of the global effort to stop the war in Ukraine, a new survey by Newcastle tech giant Sage has revealed.
The survey of more than 1,000 SMEs questioned business owners on a range of subjects at a time when the rising ‘cost of doing business’ is increasingly coming to the fore.
The poll found that 71% of SMEs say that their business will be impacted in some way by the recent rise in the price of oil and gas on world markets, while the number of businesses confident of success has fallen eight percentage points since last month.
