April 26th, 2022.
Half of UK small businesses are operating under capacity due to high costs and staff absences, according to research.The survey conducted by the Federation of Small Businesses (FSB) found 55 per cent of small firms out of the 1,200 surveyed are operating below capacity and almost half do not expect growth this year.
The rising cost of operations has been confirmed by a record 87 per cent of companies compared to the same period last year, with fuel, utility costs and rising tax contributing to the increase.
For the full story at smallbusiness.co.uk CLICK HERE.