SME Business News

As if you needed telling, recent research has discovered that the costs of running a business has increased by twice the general rate of inflation over the last two years.

The Business Inflation Guide is produced by the insurance company More Than Business, it claims to measure twenty of the most important expenditure items for small businesses.

The guide claims that costs for essentials have risen by around 10% over the last year, mainly due to fuel and energy increases. More Than Business believe that now they have a true picture of the rising costs for small business, people will be asking the government “What realistic measures can be taken to support them, particularly in the current economic climate.”

I think we know the answer to that one already!