Energy Inflation Threatens Thousands Of UK Businesses

Thousands of small and medium businesses in the UK are finding it increasingly hard to keep the lights on as energy prices continue to rise. Earlier this week, official data showed UK inflation had reached a four-decade high of over 10 percent. This has affected consumer spending, which these businesses depend on for survival. It is going to get worse, too. The Bank of England forecasted that consumer price inflation will reach 13.3 percent in October, CNBC reported today. The report cited a new survey showing consumer confidence had fallen to…