After a long period of low interest rates, we've recently seen unprecedented rises in the Bank of England base rate to levels not seen in more than a decade causing significant concern for consumers which is being compounded by the ongoing cost-of-living crisis.

While the implications of current economic uncertainties are grabbing headlines for how household finances are being affected, underreported is the impact these uncertainties are having on businesses which might not be able to absorb these temporary operating cost increases.

In this latest FStech podcast John Griffiths, Market Engagement Director, Credit & Risk, Business Information at Experian, discusses the company's latest Affordability Report which outlines how rising costs have impacted small businesses in the UK and that while we may be seeing increasing interest rates, economic performance has been resilient, despite the challenges of the latter half of 2022.