CAR RETAILERS FEAR FOR SURVIVAL AHEAD OF ENERGY COST SUPPORT 'CLIFF EDGE'

survival will be put at risk if the UK Government does not step in to provide support with their energy costs.

Ahead of a March “cliff edge” in Government support which could see some bills rise by as much as 80%, 38% of respondents to the latest Forecourt Foresight research from Close Brothers Motor Finance said their business will struggle to survive without further assistance.

Of those, 35% stated that their business won’t survive if energy costs remain high.

Close Brothers’ findings come just five months after car retailers told AM they were preparing to “wear jackets in the showroom” ahead of former Prime Minister Liz Truss’s pledge of support in October.

Read the full article at AM Online