'At a time of rising costs, it is all too easy to lay the blame at the door of businesses but that would be a hugely misguided thing to do.'
Shevaun Haviland, director general of the BCC, has said that firms are “absorbing a huge amount” of cost increases. PIC: PA
As Charles Turner, CEO of Sheffield-based manufacturer Durham Duplex, highlighted at the city’s annual Cutlers’ Feast last night, energy costs are weighing heavily on SMEs. The machine knife and industrial razor blade manufacturer has seen its energy costs treble over the past two years. SMEs have “no choice but to suck it up”, says Mr Turner. said that British businesses are “not profiteering” but merely reacting to pressures in the supply chain with Shevaun Haviland, director general of the BCC, arguing that firms are “absorbing a huge amount” of cost increases to avoid passing these on to business customers and consumers.
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