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One in three UK small firms plan major staff cuts, survey reveals

Firms battling pandemic debts consider making 45% of workers redundant after end of furlough scheme, with price rises also likely

A third of UK small businesses are planning to make staff redundant over the next few months, rising to more than four in 10 in London, according to a new survey.

In a clear sign of the financial stress felt by many owner-run businesses as they head into a potentially difficult new year period, many also said they would be forced to raise prices, with Britain’s supply chain meltdown being cited as the main reason – adding further to inflationary pressures.

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Read the original article at The Guardian

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