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Energy costs and Covid pose ‘existential threat’ to UK’s small businesses

Crisis caused by record high energy prices is the ‘biggest concern’ for employers of 13m nationwide

The viability of thousands of small businesses is at risk as escalating energy costs take their toll on companies just as they try to recover from Covid restrictions, according to a stark warning from their federation.

Small businesses, which employ almost 13 million people in the UK, are expected to feel the brunt of crippling energy costs in the coming weeks as firms begin to strike new fixed-term deals amid record high energy market prices across Europe.

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