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Evening Standard
Evening Standard
Business
Simon Hunt

Soaring inflation ‘worse than Covid’, 1 in 5 businesses say

Rishi Sunak announced a new raft of measures to tackle the cost of living crisis on Thursday (House of Commons/PA)

(Picture: PA Media)

Almost a fifth (18%) of Britain’s mid-size businesses say soaring inflation and a cost of living crisis is set to have a worse impact than Covid, according to a poll of 500 company heads by accounting firm BDO.

More than a quarter of businesses said they’ve had to put prices up as a result of inflation, while 19% said they had paused all business investment.

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