SME owners and decision makers are attributing the Labour government's new budget as the reason for their scaled back Christmas celebrations this year, research suggests.
This year's celebrations will look different - 37% plan on having a meal out, while 28% will only be going for drinks, instead of putting on more expensive events that include live bands or Michelin-starred restaurants. However, it's not just pressure from the budget causing concern; increased supplier costs, lower demand for services and high taxes have also led businesses to scrutinise areas where they can reduce expenses. This is among rent rises and increased winter fuel costs.
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