-
45% of business owners are considering closure due to increased energy costs.
-
25% of businesses had let staff go to help recover costs lost to energy bills.
-
43% have had to increase prices as a result of the energy crisis
The rising energy costs have hit both consumers and businesses in recent months. As energy bills have continued to climb, many businesses are struggling to cope – according to new data from a survey conducted by financial comparison site NerdWallet.
The survey of 500 UK business owners and senior decision makers found that just under half (45%) of business owners were worried that they may need to close their business. Only 11% of businesses said they could cope with the rising costs.
The survey asked about measures business owners were taking to try and conserve energy and save money. Many businesses had now moved to a hybrid or full-remote work style, with 68% of respondents moving to hybrid working, being in the office for fewer than 5 days per week (38% with incentives, 30% without). A further 32% moved to fully remote working.
Staffing relationships was a key factor in the findings. 28% of businesses admitted they had stopped employees charging their devices at work as a measure to conserve energy. More dramatically, 25% of business owners in the survey had let staff go due to energy costs.
With costs continuing to rise in 2022, some businesses were left with no choice but to raise their prices. 43% of respondents in the survey stated that they had already increased their prices as a result of the energy crisis, with a further 8% saying they hadn’t done so yet, but were planning to in the future.
For those who were unable to make up their losses in increased product and service prices, it seems they’ve made budget cuts elsewhere to stay afloat. 43% of those asked in the survey had cut budgets for staff training, and 38% had stopped hiring new staff altogether. 36% said they’d also had to downsize their office to save money.
Speaking on the results of the survey, NerdWallet’s business finance expert, Connor Campbell, commented:
“When we conducted this survey, we perhaps expected to see some level of hardship reflected in the results. However, the amount of scaling back and budget cuts laid bare in this survey highlights just how much UK businesses are struggling to get to grips with the energy crisis.
“Although support has been put in place for a set period of time, businesses will need reassurance for the long-term future, so they can budget effectively and decide on their next steps.”
purchase lasuna online cheap – lasuna online order himcolin order online
besifloxacin generic – carbocysteine online order buy sildamax online cheap
probenecid 500 mg brand – carbamazepine 200mg without prescription buy carbamazepine 400mg for sale
celebrex online buy – buy celebrex indocin 75mg without prescription
purchase voltaren pills – cost aspirin buy aspirin no prescription
rumalaya online order – cheap shallaki tablets order endep 10mg sale
order pyridostigmine generic – order imuran 25mg pills imuran oral
order voveran for sale – buy generic diclofenac online buy generic nimotop
baclofen cheap – feldene medication order feldene 20mg without prescription
buy mobic online cheap – rizatriptan 5mg usa cheap ketorolac
order cyproheptadine online – purchase tizanidine generic zanaflex drug
trihexyphenidyl tablets – artane where to buy order voltaren gel online
buy generic cefdinir 300mg – buy clindamycin generic
purchase accutane without prescription – buy isotretinoin 20mg online cheap deltasone 20mg oral
permethrin ca – buy generic tretinoin order retin without prescription
cost betnovate 20gm – betnovate 20 gm for sale order monobenzone generic
buy metronidazole sale – flagyl oral cenforce 50mg us
buy cheap generic clavulanate – buy augmentin generic buy levothroid online cheap
buy hyzaar online – keflex without prescription order cephalexin 125mg online
eurax cream – bactroban ointment usa cost aczone
cost provigil 200mg – modafinil 100mg sale order melatonin generic
bupropion 150mg drug – purchase orlistat purchase shuddha guggulu for sale
xeloda canada – danazol 100 mg usa buy danocrine medication
buy prometrium 100mg – buy ponstel generic buy fertomid sale
order alendronate 70mg online cheap – purchase provera pill provera 10mg ca
order norethindrone – order aygestin sale order yasmin for sale
estradiol 2mg tablet – ginette 35 price order generic anastrozole 1mg
cost cabergoline 0.25mg – cheap cabgolin online alesse pills
жЈи¦Џе“Ѓг‚·гѓ«гѓ‡гѓЉгѓ•г‚Јгѓ«йЊ гЃ®жЈгЃ—い処方 – シルデナフィルジェネリック йЂљиІ© г‚·г‚ўгѓЄг‚№ гЃЉгЃ™гЃ™г‚Ѓ
гѓ—гѓ¬гѓ‰гѓ‹гѓі гЃ®иіје…Ґ – プレドニンジェネリック йЂљиІ© г‚ўг‚ёг‚№гѓгѓћг‚¤г‚·гѓігЃ®иіје…Ґ
гѓ—гѓ¬гѓ‰гѓ‹гѓійЂљиІ© – гѓ‰г‚シサイクリン е‰ЇдЅњз”Ё г‚ўг‚гѓҐгѓ†г‚¤гѓійЊ 40 mg еј·гЃ•
eriacta wound – forzest camera forzest crack
cheap crixivan – order diclofenac gel order emulgel sale
valif pills dizzy – valif online key purchase sinemet for sale
purchase modafinil online cheap – buy modafinil generic buy generic epivir
ivermectin 12mg for people – buy stromectol europe buy carbamazepine generic
order generic promethazine – buy generic ciprofloxacin over the counter lincomycin 500mg uk