8 Ways To Protect Your Business From Recession

The facts are clear: Inflation is the highest it’s been in decades, base rate is increasing and energy costs are predicted to increase.

There’s no sugar-coating it, these are signs that the much-feared recession is almost here. In fact, the Central Bank just announced its biggest interest rate increase in 27 years as it forecast that the war in Ukraine would fuel further inflation and tip the U.K. economy into a prolonged recession.

Usually, this will mean a steep dip in revenue for your business and sometimes, in the very worst of cases, having to lay off some employees – but that does not need to be the case – here are 8 things you can do today to recession-proof your business.

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