Editor's PickInvesting

Rail strikes negatively impacting UK SME’s

1 Mins read

<?xml encoding=”utf-8″ ??>

New research has revealed the damaging effect that strikes are having on the sector, with 14% of SME owners saying they have negatively impacted their business.

Four in ten say the strikes make it hard to plan in advance, while a fifth say they’ve had less customers during strike days. A tenth  have been unable to make meetings with clients and a further 10% admitted to losing money as a result of the transport strikes.

Alan Thomas, UK CEO at Simply Business, that commissioned the research commented: “Ongoing disruption to the rail network is now affecting small businesses’ supply chains, the ability for their employees to get to work, and, most essentially, causing a lul in customers as footfall decreases. Businesses in the hospitality sector will be particularly hard hit as the 44%* of people using rail for shopping and leisure will be significantly reduced on strike days.

“The UK’s self-employed are feeling the pressure more than most as they are not afforded the same financial cushioning of larger franchises, and giving people the means to make journeys which allow them to enjoy the unique offering of small businesses up and down the country is essential to the survival of our SMEs.”

Related posts
Editor's PickInvesting

Craft gin maker British Honey flies towards administration after funding failure

1 Mins read
<?xml encoding=”utf-8″ ??> A producer of honey-based products including craft gins has revealed plans to call in administrators after failing to secure…
Editor's PickInvesting

Ex-Virgin Money chief Gadhia explores sale of finance app Snoop

1 Mins read
<?xml encoding=”utf-8″ ??> Snoop, the moneysaving app set up by the former boss of Virgin Money, is exploring a sale after receiving…
Editor's PickInvesting

Jeremy Hunt backs inflation battle and says UK is financially stable

2 Mins read
<?xml encoding=”utf-8″ ??> Chancellor Jeremy Hunt has backed the Bank of England to prioritise tackling inflation, despite concerns rapid increases in interest…
Power your team with InHype
[mc4wp_form id="17"]

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published. Required fields are marked *