Small Firms Association director tells delegates that small businesses now accounted for 85 per cent of all shutdowns
David Broderick of the Small Firms Association said business costs were due to rise by 36 per cent between now and 2026. Photograph: iStock
“These figures won’t plateau or decline any time soon not with the combined impact of various policy priorities that will drive up the cost of doing business by 36 per cent by 2026,” he said. This has been particularly onerous on the labour-intensive hospitality sector where there has been a string of restaurant closures.
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