42% of SW businesses face financial challenges due to inflation, operational costs, and interest rates, with small businesses and hospitality/tourism sectors most affected.

South West businesses face financial challenges due to inflation, operational costs, and interest rates, affecting 42% of surveyed companies. Small businesses with 11-50 employees were hit hardest, while hospitality and tourism sectors were most affected. Despite this, 49% of businesses reported a 31.5% increase in turnover, maintaining optimism.

August 03, 2024
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