Small businesses squeezed by rising costs and wave of regulatory change, data shows
CreditorWatch reports serious arrears at 8.5-year high as operators warn cumulative reforms are 'killing' their industries
Small businesses are facing a worsening cashflow crunch as high inflation, rising interest rates and a string of regulatory changes converge, with credit reporting agency CreditorWatch finding serious arrears hit an 8.5-year high in September and more than half of invoices going unpaid on time.