26 January 2010

UK out of recession… but keeping overheads down is key to recovery

The news that business and consumers had been waiting for was confirmed today as figures released by the Office for National Statistics showed that the UK economy is officially out of recession.

But, while this is good news for businesses in general, as I pointed out yesterday the road to recovery is likely to be a bumpy one, and the increase in business gas and business electricity usage necessitated by this month’s cold weather could cause problems for firms in the form of increased overhead costs.

According to a report by the BBC, the economy has “just crossed the line” to exit recession. The growth figure was not as high as had been predicted, and this means many businesses will still be teetering precariously. Keeping overheads as low as possible is key to ensuring your business takes full advantage of the slow recovery.

For businesses that have been adversely affected by increased electricity and gas costs during the cold snap, it may be time to consider whether you are getting the best possible deal for your business gas and business electricity. Your current business electricity or gas supplier is unlikely to offer you, as an existing customer, the same benefits as a new customer, and you are unlikely to gain anything by staying with your existing supply company when your contract runs out.

That’s where price comparison sites, such as Energy Advice Line, can be a real boon, not just in terms of saving money and finding the best deal for your business, but also in terms of time – an all too precious commodity in difficult trading times.

We will do all the leg work for you, saving valuable time, time which you can use in building up your business. What’s more, we can use our considerable buying power to get you the best possible deal for your business electricity and business gas.

To read the BBC’s full story about the economic recovery, published on 26 January 2010, follow this link:

http://news.bbc.co.uk/1/hi/business/8479639.stm

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