The economy has been in turbulence for many months, and a combination of global conditions and domestic policies will have extended these conditions well into 2023 and likely beyond.
Although it’s looking less likely the UK will suffer a technical recession this year, the economy is still set to contract. What this means for many businesses is rising costs and likely a hit to revenue. This will be difficult to manage for many of the largest organisations – but could be devastating for small and medium-sized businesses (SMBs).
