It has also been revealed that small businesses in the UK are owed on average almost £23,000 from overdue invoices - a 6 per cent year-on-year rise - as customers and suppliers try to delay payment for as long as possible, feeling the pinch in their own cashflow.
Rising energy bills have also been suggested as predicating an early end for many people to the flexible working concepts introduced during the pandemic, given the additional costs of heating and lighting required when working from home. Returning to the office, where the employer picks up the electricity tab, could hold strong appeal - especially during the winter months.
A survey by KIS Finance has found that nearly one-third of 18 to 35-year-olds have been forced to take on an additional job in order to make ends meet. This number has increased significantly since a similar survey by KIS earlier this year, which then found that around a quarter of young people had been forced into secondary...