Over half of UK businesses plan to raise prices due to rising costs and tax concerns, survey shows.

Over half of UK businesses expect to raise prices in the next quarter due to rising labor costs and tax concerns, according to a British Chamber of Commerce survey. Business confidence is at a two-year low, with only 49% expecting increased turnover this year. Tax worries, especially about national insurance and the National Living Wage, are at the highest level since 2017, affecting investment and staffing plans.

January 06, 2025
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