- Research by Money.co.uk reveals that 77 per cent of UK small business owners have delayed major personal decisions, such as having children or buying a house, due to Budget tax uncertainty.
- Almost two-thirds of small and medium-sized enterprises worry that further tax increases in the upcoming Budget could force their business to close within 12 months.
- Speculation over taxation changes has severely impacted owners' mental health, with 60 per cent experiencing stress and nearly a quarter losing sleep over Budget anxiety.
- More than half of SME owners surveyed stated they would be forced to raise prices for customers if business taxes are increased, while others plan to freeze hiring or pause expansion.
- Business owners have urged the government to prioritise energy cost reductions and business rates overhauls to relieve financial pressure on struggling firms.
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