Economic conditions are worsening for businesses across the region in every industrial sector.
A new survey commissioned by BusinessRescueExpert, the independent insolvency practice, found economic conditions were worsening for businesses across the region and in every industrial sector.
Four out of five of the 500 directors, chief executives or business owners who responded said that along with their energy bills increasing several other essential charges have risen during the previous year. Chris Horner, insolvency director with BusinessRescueExpert, said the survey is a valuable snapshot of this moment when businesses were expecting to experience a large rise in energy prices and other bills but before support measures from the new Prime Minister were announced and implemented.
“Now Covid-19 appears to be behind us and it should be a time to recover and recuperate, instead most of us are looking at unprecedented rises in essential energy bills unless there is some drastic intervention from the new administration.
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