Scaling back investment will have a wider economic impact, warns Time Finance as new data shows that businesses are making huge sacrifices due to rising costs, with one in five unable to invest in growing their business.
As part of a survey to expose the extent of challenges currently facing businesses, Time Finance also found that one in ten firms are unable to meet their existing financial commitments due to the rising cost of doing business.
The new data comes as the recently appointed Cost of Living Tsar is set to roll out a campaign to encourage businesses to reduce their prices in a bid to manage the cost of living crisis, a measure that will add insult to injury for businesses, explains Time Finance.
Time Finance plc (LON:TIME) is an AIM-listed business specialising in the provision or arrangement of funding solutions to UK businesses seeking to access the finance they need to realise their growth plans.
