The cost-of-living crisis may lead to massive failures, according to new research Around 630,000 small and microbusinesses in Britain have raised concerns that they may have to fold this year due to spiraling costs, Sky News reported on Monday, citing a study by website builder GoDaddy. Their collapse could reportedly wipe £12 billion ($14.4 billion) out of the economy. More than three-quarters of survey respondents described the cost-of-living crisis as the biggest challenge they have ever faced, calling the price of energy their single biggest concern. Microbusinesses, which are typically firms with fewer than 1
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