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Severe weather 'could lead to increase in company debt advice customers'

Date Added: 13/01/2011  

Financial problems caused by the poor winter weather could lead to more firms needing to take company debt advice.

According to the Federation of Small Businesses (FSB), the cost of the snow could be as much as £5,000 for companies, with a quarter of respondents to a snap poll conducted by the organisation saying they had to close during the cold period.

National chairman of the FSB John Walker stated that the icy conditions placed a burden on small firms which are already under pressure financially.

"This, coupled with the increase in VAT and the huge rise in fuel duty, is really tarnishing the potential of small businesses," he said.

Mr Walker added that the increase in fuel duty is set to cause even more problems for small businesses, with some potentially having to take company debt advice as a result.

Earlier this week, the FSB called for the government to impose its promised fuel duty stabiliser as soon as possible.

Posted by Michael Beam 

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