Time to increase your prices?
Costs for UK businesses have been rising at an eye-watering rate for some time now. The obvious solution is to put up your prices. Seems fair, right?
In February 2026, 29% of trading businesses considering price increases blamed labour costs. Energy prices and raw materials were each cited by 20%, while finance costs were cited by 17% (source: Office for National Statistics).
60% of UK firms are more concerned about inflation, while 69% cite labour costs as a price pressure and 43% expect to raise their prices (source: BCC Q3 Quarterly Economic Survey).
But many small businesses are afraid to increase their prices, because they fear losing customers. This can be dangerous, because it places additional strain on your cash flow.
Our main feature this week offers tips on setting prices for products or services. We also look at how to put up your prices without putting off your customers.
