Energy prices and you

"As a small business, the UK is becoming an increasingly difficult country to operate in. Our supplier costs are inevitably going to increase due to the cost of production going up as a result of the energy price increases, so the price for customers will also have to increase, making it a lot harder to remain competitive. We specialise in affordable gifts to comfort and empower people but affordability is being stretched to the limit. First the pandemic and now an energy and cost of living crisis. It's brutal out there."

"Having clawed my way out of food bank poverty, here I am, three years on, running my business wrapped in a blanket. This sharp increase in energy prices is a massive blow to businesses and people around the UK."

"I'm gravely concerned about the rise in energy prices. Running a small business from home that relies on electricity to run my 3D printers, my business overheads have an impact on my family budget. I shopped around for a good renewable energy supplier but I am currently unsure if they will be raising their prices. Right now my electricity bill is exactly half the price of my monthly mortgage cost. If it goes any higher it will have a huge impact on our family budget. "I feel that the continual energy price rises haven't been monitored or regulated sufficiently. Energy companies, especially the large ones with a monopoly, are exploiting UK consumers. Being able to heat your home or cook your meals shouldn't be a luxury that only a select few can afford."

"RIP the self-employed and sole traders. This price rise is going to kill small businesses. Such a massive rise will hit the pockets of the lower income families and those who like myself are disabled and need to have constant heat in the home. For those people and myself there is no choice between eat or heat. It's go hungry to stay safe."

"The staggering speed of the rises has blown us away as a business. We took action over the new year to reduce the size of the sales team, which gives us some headway with costs but it will have a long-term impact on our growth as less people equal less income. We are holding off purchasing electric vehicles due to the cost increase, which impacts our green credentials, which in turn will affect some of our sales opportunities that require such actions. At the moment I couldn't feel the Government could care any less about businesses as it stumbles from one shambles to another."

"For many people, it is a case of eat or heat. The fact that we're in this position, after two years of the pandemic, is a disaster. As a country, we are going backwards. How much longer can we be pushed into a corner, while the elites watch on, scoffingly? The government is simply not doing enough to help everyday people. Just look at the quiet high streets of the UK, they tell you all you need to know about what's happening."

"Once again, households and small businesses have to take a seat on the see-saw of uncertainty. Energy prices rises, the soaring cost of living and interest rate increases are putting a phenomenal amount of pressure on us. As a small business, if we increase our prices to reflect the price rises we incur, we risk losing customers to the bigger businesses who can absorb the rises. If we don't put our prices up, our margins are squeezed even further, which means we struggle to be viable. The cost of living squeeze has been devastating in recent months, whether in the form of food and fuel price rises or raw materials, the list goes on. We're now back on that see-saw yet again. The average business is being squeezed from all sides."

"The rise in the energy price cap will not only affect us all personally but is possibly the final nail in the coffin for the beauty industry. Customers will have less disposable funds to spend on non-essential purchases. We are struggling to earn enough to heat our own homes and it looks set to get worse. Our industry has had no government help since Covid began and now the energy crisis is going to be another pandemic for the personal care industry. The whole outlook is bleak."

"The latest jump in energy prices will make it even harder for small businesses to stay competitive. The government says it wants manufacturers to export more but it does nothing to mitigate rising costs such as energy. We need a coherent industrial policy to enable SMEs to invest and grow. It's the only way we're getting out of the current economic difficulties."