Middle East conflict hits UK firms but business confidence holds firm
Briefly

Middle East conflict hits UK firms but business confidence holds firm
"More than three quarters of UK businesses are already feeling the impact of the Middle East conflict, as rising energy costs and supply chain disruption begin to feed through into operations."
"66 per cent of companies are experiencing pressure from higher fuel and energy prices, while half report moderate to significant disruption to supply chains."
"Access to finance is emerging as a key factor in maintaining resilience, with 41 per cent of businesses seeing support with cashflow management as essential."
"More than 80 per cent of firms identify existing cash reserves as vital in navigating current conditions, highlighting their importance in managing disruptions."
Over 75% of UK businesses are impacted by the Middle East conflict, facing higher energy costs and supply chain disruptions. 66% report pressure from rising fuel prices, while half experience significant supply chain issues. Companies are adjusting operations, with 37% reducing energy usage and nearly a third increasing prices. Access to finance is crucial, with 41% needing cashflow management support. Existing cash reserves are vital for over 80% of firms, and trade finance is important for managing international disruptions.
Read at Business Matters
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