Small Business & Entrepreneurship

UK Small Businesses Urge PM Burnham to Cut Costs as Hiring Slows to Six-Month Low

UK small businesses are pressing Prime Minister Andy Burnham for cost relief as sales growth slows for a third straight quarter and hiring hits its weakest pace in six months, according to Xero data covering 440,000 firms. The hospitality sector has been hit hardest, with pub and venue closures accelerating amid rising labour costs, higher National Insurance contributions, and an increased National Living Wage. Business leaders are calling for VAT cuts, food price controls, and government-backed loans ahead of the Autumn Budget, after Burnham's recent business rates relief for pubs excluded hotels, restaurants and cafes.

Thomas Walker31 Jul 2026

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