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Cost of living crisis: How are UK small businesses dealing with rising costs?

Record high inflation,

skyrocketing energy bills,

increasing fuel prices,

and reduced consumer spending is among the many challenges founders are facing as the UK experiences a cost-of-living crisis.

Despite all this, the UK government is reportedly about to announce a campaign to encourage companies to cut their prices to help consumers. It was suggested by former Just Eat chief executive David Buttress, whom

the prime minister appointed as the 'cost of living tsar'.

It’s not like we can ignore the news this week regarding all our politicians

“No extra financial help will be provided to firms, but they will be given 'kudos' by being able to display a logo showing they support the campaign.”

Like, are they for real?

Sorry to say but we here at M and S combustion are a small, independent, family-run business. We have only just survived the pandemic and more than ever, we are working hard to build up our clientele. This campaign move isn't realistic as a small business, we have so many of our high costs to cope with. We did a blog not too long ago, regarding fair costing.

But we are putting in place strategies to deal with these increased prices.

Here are a few:

We talk to our customers to see what matters to them. We understand the time urgency of projects. We work hard to fulfil these time-critical projects. We also build that relationship from the start, not just on a business but also on a personal level. So, when one of our clients came down with Covid not that long ago and then had a personal, family member very ill we were equally concerned and successfully drove the project to the end. Allowing the client not to have all the stress of both work and family life. We at M and S combustion, know the importance of balance.

Being a small business, our economies of scale were not great from the start so that has potentially shielded us from higher costs per unit for materials. Our material costs are a true reflection of what we can do for our clients. We are constantly in contact with our suppliers asking them about rising costs, and any new or better products.

Importing has become incredibly, and almost prohibitively, expensive so we are looking for more locally based production and source materials closer to home. We work in partnership with other UK businesses but that doesn’t mean we don’t work Globally, in fact, would love for you to send us a direct message if you want to work with us.

Please get in touch with our industry professionals at or +44(0)7786 214039 to discuss your #incineration and #cremation needs.

I guess to round up this blog, we are looking forward to receiving our invite to 10 downing street as we have a few ideas that we would like to discuss.

Also, we would love to hear from other small businesses and find out what you are doing and how you are coping with the cost-of-living crisis and rising costs. Send your comments below.

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