Price changes by small businesses over the holiday season in the UK in 2022

Published by
P. Smith,
Dec 7, 2022
In a 2022 survey, just over half of small businesses in the United Kingdom (UK) said that they were increasing their prices during the holiday season. This was slightly more than the share of businesses who were looking to boost demand with special discounts and promotions.

Share of small businesses changing their prices during the holiday season in the United Kingdom (UK) in 2022

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Release date

November 2022

Region

United Kingdom

Survey time period

September 2022

Number of respondents

800 respondents

Special properties

Small businesses preparing holiday season inventory

Method of interview

Online survey

Supplementary notes

79 percent of businesses were product-based.
Businesses had up to 100 employees, 52 percent had 1-10 employees.
The average annual revenue was 709,000 GBP.
Businesses that did not consider the holiday season important to overall annual performance were excluded.

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