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The Independent UK
The Independent UK
Business
Karl Matchett

Three-quarters of small businesses will raise prices - yet nearly half are seeing profits shrink

A new survey among small and medium-sized businesses (SMEs) has found that a huge majority expect to be raising prices over the next year, with optimism split on whether they will survive or thrive amid challenging economic conditions.

Business owners have been hit this year by raised National Insurance Contributions and a higher minimum wage, while a new pensions review could ultimately see them have to contribute more in the future as well.

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