A new study by the British Chamber of Commerce says that the weak pound could lead to 50 per cent of all SMEs increasing their prices.
The survey by the British Chamber of Commerce (BCC) showed that over half of SMEs believe they will have to increase their prices this year, with almost the same proportion saying that the weak pound is hurting their profitability. The rising cost of imports were, according to the BCC, “squeezing” the margins of SMEs. [breakout…
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