It is hardly a secret that inflation has ramped up in the UK over the last few years due to a mixture of global supply chain issues, Brexit, and the fallout from the pandemic (the Consumer Prices Index increased by 4.9% in the last twelve months, this is the highest recorded 12-month inflation rate in the National Statistic series. Not only this bad news for the government but also Businesses. Most businesses have no choice but to pass the increase on to their customers, who are also likely struggling with the increased prices.
The increase in prices tends to come with guilt and worry, a choice between losing customers because of price increases or keeping them as they are to satisfy your customers, which in the long haul, will lose money and could be detrimental to your business. https://originfinance.co.uk/ma....nage-price-increases
