petrol

SMEs reduce Meetings as Prices Rise

SMEs reduce Meetings as Prices Rise

Small businesses are cutting back on meeting clients face to face as high fuel prices have made business travel more expensive, according to Enterprise Rent–A–Car. The average price of petrol has risen by 12% since January, while diesel prices have increased by 17%. Their research revealed that 23% of small firms have reduced their spending as a direct result of increased fuel costs. The survey also highlighted that 26% of small firms are now travelling to see their key clients just once a month or less. Commenting on the survey findings, the Institute of Commercial Management’s (ICM) chairman, Dr Alistair Ford, said: “The rising price of fuel means that fewer people are travelling and they are more reluctant to travel longer distances. “However, this can only... »