UK SMEs on how long they can sustain higher energy costs 2022

Rising inflation in the United Kingdom throughout 2022 has put pressure on businesses faced with larger energy bills. As of August 2022, approximately nine percent of small and medium-sized enterprises (SMEs), that reported increased energy costs, advised that they would not be able to pay these bills at all, while 34 percent thought they would be able to sustain themselves for as long as needed. Additionally, three-quarters of SMEs reporting higher energy bills advised that these costs will be passed onto customers.