Leeds, United Kingdom, (18th October 2011) – Cooper Matthews, a leading provider of business debt advice and solutions for small to medium businesses requiring financial advice, has spoken out against rising utility costs in the UK.
The company has warned that if the cost of utilities continues to go up, it will have a negative effect on businesses, as it adds to their already growing overheads. They added that should prices come down, more money will be free for businesses to spend on other aspects.
Bills for gas, electricity and other fuels rose 18.3pc on the year in September, whilst the Consumer Price Index is at its highest level for nearly 20 years. Ahead of a summit on gas and electricity prices, Prime Minister David Cameron has said that the Government needs to work “harder and faster” in order to bring down energy bills. The Bank of England has predicted that inflation will start to ease over the next couple of years, which would ease the burden on families and businesses.
A spokesperson for Cooper Matthews said: “If utility costs continue to rise then it is going to become increasingly difficult for businesses, especially smaller businesses, to meet those costs. The Government need to work hard to bring down these costs and they need to do it quickly. At Cooper Matthews, we are expecting to see a rise in the number of small and medium-sized businesses coming to us for financial advice due to the rising costs of utilities.”
For more information on Cooper Matthews and their business debt advice, visit their website at http://coopermatthews.com/ or telephone 0800 840 40 42.
About Cooper Matthews:
Copper Matthews is a provider of business debt advice and solutions for small to medium businesses experiencing financial difficulties. They are committed to employing a whole market approach in order to identify and deliver the right solution for individual business needs, and, if necessary, are able to assist throughout the liquidation process.
Cooper Matthews Ltd – Head Office,
1a Ash Lane Business Park,
Tel: 0800 840 40 42
Fax: 0113 320 5678