Businesses in Liverpool have been feeling the crunch following the economic turmoil caused by the pandemic and the 2022 mini-budget
Last month it was announced that the UK had fallen into recession.
Jonathan Dixon, a butcher at Frank Livesey’s in St John’s Market, described the current economic situation as “harsh”.
“The problem is that our profits are being eroded because the price of stuff is going up,” he said.
“Customers can’t afford to pay a third or half as much as they were paying 12 months ago.”
Politicians seem to be in total denial of any problems
Statistics from the Agriculture and Horticulture Development Board (AHDB) show that beef alone has risen by nearly 5% since 2020.
The Government is due to announce the 2024 spring budget tomorrow with some hoping some announcement of help for businesses.
But Jonathan Dixon said: “Politicians seem to be in total denial of any problems.”
Jeremy Hunt announced the Spring Budget this week which included further cuts to National Insurance and a continued freeze on fuel and alcohol duty.
The Chancellor says this would “put the country back on the path to lower taxes”
Labour have called the Budget “underwhelming” with Keir Starmer saying the budget is “the highest tax burden for 70 years”
Watch Sophia Sciolti and Ethan Young’s video report here:
Featured image (c) Sophia Sciolti and Ethan Young
