Rising tax burdens and energy bills are also impacting profitability.
Inflation remains a key concern for business
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Current Affairs
Bank of England raises base interest rate to 3.5%
MPC votes 6-3 to increase the rate by 0.5%.
Inflation rate drops slightly in November
The annual inflation rate reduced by 0.4% in the past month.
Economic outlook bleak despite 0.5% rise in GDP
Recession looms as the economy shrinks in the three months to October.
Energy price cap removes risk for one in four businesses
Government urged to extend support for businesses.
Government urged to boost economic growth
The CBI says the UK will lose ten years of growth if no action is taken.
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