The Consumer Prices Index (CPI) rose by 5.4% in the 12 months to December 2021, its highest level for a decade, and will go higher still as we head into 2022. For pandemic-pressed businesses, the inflation reality is far worse. Their input costs are soaring by unprecedented double-digit figures, while labour rates are rapidly being pushed higher by shortages right across the UK economy.
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Tag: Business Planning
Is your Business ready for 2022?
We start the year off with a few helpful hints to ensure your business is in the best shape for whatever 2022 throws at the commercial world. Omicron might turn out to have been over-egged, but there could also be more troublesome variants down the track. Supply chains may or may not return to normal and high inflation may turn out to be sticky, rather than only a transitory blip…
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5 Proactive steps to managing your business survival…
If you’re a small business owner, you might be feeling particularly overwhelmed at the moment, trying to figure out what the Coronavirus pandemic means for you and your business. You’re certainly not alone. Many small businesses are vulnerable and business owners are facing difficult decisions, with real concerns about how their businesses will survive this unforeseen and unpredictable crisis…
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