UK Small Businesses Brace for Soaring Energy Costs Amid Iran War
Thousands of UK SMEs face more than doubled energy bills due to surging heating oil prices from the Iran conflict, impacting operations and profits.
UK small businesses are bracing for a major financial blow as energy costs are set to more than double due to the ongoing war in Iran. The sharp rise in heating oil prices, a fuel source for around 7% of small and medium-sized companies, has pushed Europe's fuel market to new record highs.
The Federation of Small Businesses (FSB) reports that companies using heating oil have already begun rationing their fuel use in an effort to manage skyrocketing costs. This crisis threatens the viability of thousands of independent UK businesses that rely on heating oil to warm their properties and provide hot water.
Fonte: The Guardian
