'My energy bills have doubled to £3,000 in a year'
Ms Muhjazi says the cost-of-living crisis has been even worse for her business, Flower Tale, than the coronavirus pandemic.
She is also hoping for the fuel duty cut to be extended, to reduce the cost of her flower deliveries. Rising costs are another challenge. Overheads are up more than 30% in a year, driven by energy bills. He had been hoping to expand this year but huge rises in his energy bills along with price hikes in wheat, cooking oil and other raw ingredients means those plans are now on hold. That means plans to employ more people have also been paused."I was hoping to have a total of 10 shops this year, but we can't because energy is so expensive now and we don't know what's going to happen at the end of the month", he said.
There is an international dimension to this UK budget. The US is offering hundreds of billions in subsidies to firms that locate production and supply there - the EU is expected to respond in kind. Its Thames Valley managing director, James Craddock, said firms are facing huge challenges with prices rising so fast, but most are managing to cope.Mr Craddock said there are very few empty warehouses on site, and that they're also seeing some demand for new premises.
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