According to a LondonLovesBusiness article, recent research by Atradius reveals that, while 65% of UK businesses remain confident in their ability to navigate challenges and sustain growth, rising costs are prompting action. Of those surveyed, 57% plan to increase prices to offset the impact of budget changes, while 36% are willing to absorb the additional costs, even at the expense of profitability. The research also highlights ongoing concerns over payment defaults, with 63% of businesses expressing anxiety about late or missed payments. This issue is particularly pronounced among medium-sized companies, where 74% are worried about the potential financial repercussions. To read LondonLovesBusiness’ article, go to https://londonlovesbusiness.com/nearly-half-of-uk-businesses-concerned-about-inflation-increase/#google_vignette.