Entrepreneurs admit to raiding their personal savings to stay afloat as inflation surges
London: Almost three quarters of entrepreneurs have admitted to dipping into their personal savings in the last month to save their business from going under, according to new research commissioned by the Parliament Street think tank.
Independent research company Censuswide was commissioned to poll 500 UK-based small business owners about rising inflation fears and its impact on morale. Alarmingly, it was revealed that 74 per cent of entrepreneurs said they have had to rely on personal finance to keep their business afloat.
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