Open

Latest news

Explore insightful perspectives and expert advice on finance

Home |Latest news |Business price pressures persist, warns BCC

Latest news

Browse by category
Business News

Business price pressures persist, warns BCC

April 18 2024

Business price pressures persist despite the UK's inflation rate falling to its lowest level since September 2021.

The business group warned that uncertainty remains amongst UK small firms, with its recent Quarterly Economic Survey showing that almost half of firms polled expect their prices to rise over the next three months.

Labour costs were cited as being one of the main drivers of price increases, and political and global uncertainty are also adding to firms' worries.

Commenting on the data, David Bharier, Head of Research at the BCC, said: '[The] figures confirm inflation is continuing to slowly head in the right direction. That's good news for both consumers and businesses. 

'Businesses will be keen to see how this data translates into changes on interest rate policy. More than a third of SMEs we surveyed at the start of the year have seen increased borrowing costs because of the current interest rate.'

Here to help

Please complete the form below and our expert team will be in touch.

  • Contact details

    • *
    • *

  • What services are you interested in?

    • *

  • Message

    • *

  • Which location would you like to contact?

  • Communication

    • *Indicates a required fields.†At least one form of contact is required.

      By submitting this form, you agree that Attwoods can process your information in order to respond to your enquiry. For more information visit our Privacy Policy.

Bromsgrove
Bromsgrove

Attwoods is proudly based in the historic market town of Bromsgrove, Worcestershire

  • 182 Worcester Road
  • Bromsgrove
  • Worcestershire
  • B61 7AZ
Call us01527 874170
Learn more about BromsgroveGet in touch
Evesham
Evesham

Attwoods is proudly based in the picturesque town of Evesham, Worcestershire; nestled in the heart of the Vale of Evesham

  • 90-92 High Street
  • Evesham
  • Worcestershire
  • WR11 4EU
Call us01386 424388
Learn more about EveshamGet in touch
Pershore
Pershore

Attwoods is proudly based in the Georgian market town of Pershore, Worcestershire.

  • Perrott House
  • 17 Bridge Street
  • Pershore
  • Worcestershire
  • WR10 1AJ
Call us01386 554870
Learn more about PershoreGet in touch
  • Xero Logo
  • Gold Partner Logo
  • Sage
  • QuickBooks Platinum

The practices of Attwoods are carried on by Attwoods Accountants Limited, Attwoods Business Services Limited, Attwoods (Bromsgrove) Limited. Regulated for a range of investment business activities by the Association of Chartered Certified Accountants.