

The British Chambers of Commerce (BCC) have reported that nearly half of UK businesses plan to raise prices soon, despite overall inflation pressures easing. Their survey, covering 4,800 firms, found 46% expecting to increase prices, 51% planning to maintain current prices, and only 3% foreseeing a reduction. This pricing trend is linked to economic challenges affecting business investment, which remains sluggish. A significant factor is the higher labour costs, particularly in the hospitality and manufacturing sectors; 77% and 76% of firms respectively cite it as a major influence on pricing decisions. Additionally, the survey indicates a stagnant landscape for business investment. Most firms reported no change in their investments in new equipment and machinery this quarter: only 24% have increased their investment, while 16% noted a decrease.
Crosswinds Prayer Trust was founded in 1994, at Nailsea, near Bristol in the South-west of England by Canon John Simons. Its aim is to mobilise, inform, connect and equip people in Christian Prayer...
Crosswinds
20 Sunningdale Road
Worle
Weston-super-Mare
North Somerset
BS22 6XP
Director: +44 (0) 1934 - 235777