Thousands strike in UK over pensions

Small businesses in the UK, which employ close to 13 million people, are expected to plummet in the coming weeks as companies begin to make new deals in the coming weeks.

The UK’s small businesses, which employ at least 10 out of every 4.2 million workers across the country, are “in crisis” due to the country’s rising energy market, the small federation has warned. Businesses (FSB).

A study by the group found that energy costs were a major concern for its members and warned that they could pose a “real threat” to companies already affected by copyright restrictions.

“This is a cruel pinnacle,” Craig Bomont told FSB. It also makes some businesses realize that they cannot continue to exist [by] Trying to reduce costs or, last but not least, losing people. Or they may close the business and let everyone go.

He warned that the threat to millions of people in the small business sector could exacerbate the “loss of life” in the spring, which could make 2022 a “year of oppression” due to wage cuts and rising taxes and energy bills. Solution Foundation.

The FSB shows next week that almost half of its members consider energy bills to be the biggest “concern” for their business, with supply chain concerns and concerns about fuel prices rising sharply. Oil prices will continue to rise in the global market.

“Small businesses are in trouble. Many small businesses tend to buy their energy through fixed price deals, but when they run out, they get very high prices,” Bommont said.

“For some, energy costs could be a threat to the weak end of the small business sector,” he said. “Coincidentally, we find that energy bills are a major cause of some small businesses being shut down and their employees working from home. It is one of the only ways they can save their money from these costs.

Top executives from the Department of Commerce, Treasury, No. 10 and the Energy Regulator have met with energy companies in a series of emergency talks in recent weeks to try to prevent a national energy crisis that could cost the average household energy bill to £ 2,000. Next year April.

Supervisor Ofgem recently suggested that the power outage could help reduce costs, which could add up to £ 100 a year on average. The spokesman said the cost of safety net had kept more than 4 million households in the vicinity of their homes. However, it does not provide the same protection for small businesses.

“Small companies do not have the business to compete with the supplier for long-term energy tariffs, but they do not qualify for the same family protections,” Bommont said.

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Senior industry sources say energy companies have been arguing to support a $ 20 billion treasury-supported fund, which could provide loans to help cover their expenses without a sudden increase in home energy bills next year. There are also calls for a 5% VAT deduction from energy bills to shift certain policy costs to General Tax.

The FSB government has been asked to extend most of the family protections to help protect small businesses.

A spokesman for the Department of Commerce said it was “in regular contact with Offgeme and business groups” to explore how small businesses could be helped to control the effects of global inflation. Ofge also declined to comment.