Three in 10 small business owners (29%) have cited the cost-of-living crisis as the biggest challenge they have faced this year – followed by tax hikes (21%), and rising business rates (19%), according to a study. Other top concerns for those running their own small enterprise include the risk of recession (22%), a lack of funding, and access to skilled workers (both 18%). And a fifth, of the 450 new business owners surveyed, feel that corporation tax cuts are needed to help support the growth of their start-ups, while 24% said increased investment would help – and 27% believe they would benefit from better access to start-up loans…
