More than half of the UK’s small and medium-sized businesses say that they will have to raise prices over the next year because of the weakened pound.
A British Chamber of Commerce survey found that 68 per cent of 1,500 businesses questioned expect their costs to go up in 2017, while 54 per cent will increase the prices they charge customers for their goods and services.
The pound has slumped by around 16 per cent against the dollar since the UK voted to leave the EU in June 2016, causing the cost of imports to rise.
