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UK firms plan price rises as confidence falls to lowest level since Truss budget

www.theguardian.com 06-01-2025 08:48 1 Minutes reading

BCC survey shows growing concern over planned employer tax rises with 55% of companies planning to hike prices

More than half of British companies are planning price rises in the next three months, according to research that found UK business confidence has slumped to its lowest since the chaos of Liz Truss’s brief stint as prime minister.

Of 4,800 businesses polled by the British Chambers of Commerce (BCC), 55% said they expected to increase prices by April, up from 39% in a similar survey in the second half of last year.

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