Written Question·Department for Business and Trade·UIN 54076
Small Businesses: Lancashire
Tabled: 21 May 2025
Answered: 6 June 2025
Question
Mr Andrew Snowden
Conservative — Fylde
To ask the Secretary of State for Business and Trade, what recent assessment he has made of the potential impact of inflation on small and medium businesses in (a) Fylde constituency and (b) Lancashire.
Answer
Gareth ThomasDBT monitors the financial health of the SME population using a wide range of sources, including the SME Finance Monitor which stated that in 2024, 35% of SMEs rated costs as a major obstacle to running business in the next 12 months, compared with 38% in...
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