Winter cold, heating bills and your business
Winter cold, heating bills and your business.
Given the currently still increasing UK inflation rate, the latest UK budget has put even more pressure on businesses, with changes to the living wage, a reduced energy price cap, increased to employers’ NI contributions adding to the pressure on businesses.
the path of inflation going forward is unusually uncertain and Bank of England officials, who decide whether to raise or cut interest rates, are divided.
Four of the nine-strong Monetary Policy committee on Tuesday said it was not clear whether prices rises will accelerate or slow in the coming months. Much depends, as numerous members of the Bank of England have suggested, on the pass through of Budget measures into prices and wages.
Bank of England governor Andrew Bailey reiterated earlier in the week that future interest rate falls would be “gradual”.
But concentrating on productivity for yourself or employees is even harder when you are cold.
Is adequate heating something you can’t afford to restrict if you want to keep your business productive?
