At the start of this year, businesses in the UK seemed to have finally emerged from the darkest days of the COVID-19 pandemic. Successful vaccination rollouts and the emergence of the comparatively mild omicron variant pointed towards continued economic recovery and robust trading conditions ahead.
Yet 2022 hasn’t turned out quite as expected. The business environment remains extremely volatile due to a combination of headwinds including the war in Ukraine, persistently high levels of inflation and the so-called Great Resignation.