Half of SMEs plan to increase prices
More than half of SMEs say they will increase their prices this year due to the weak pound, a survey by the BCC has found. Meanwhile, about the same proportion said currency was having a negative impact on their profitability. The BCC said rising import costs were “squeezing” SMEs" margins, and director general Adam Marshall said inflation would be an "important concern for businesses over the coming year". A separate poll of more than 100 large companies by Ipsos Mori reveals 58% felt the referendum result had affected their business negatively, while just 11% of the companies thought Brexit had boosted their business.
Evening Standard (07/02/2017)