Three in 10 UK SMEs fear losing up to £20,000 due to Trump's new trade tariffs, making energy savings essential. Business energy experts recommend conducting energy audits to find savings.
The biggest mistake we see is overthinking," explains Sarah Mitchell, CEO of EcoWrap, whose biodegradable packaging solutions now serve clients in 12 European countries. "We spent six months researching every possible regulation and requirement, when we could have started with one country and learned as we went.
SMEs are planning pay and recruitment freezes in response to government tax rises, with a distinct focus on limiting expenditures and innovation.
This is undoubtedly a challenging time for businesses, but our research shows some glimmers of hope. Strong domestic demand, powered by online sales, can help UK firms grow over the coming months.