FOR IMMEDIATE RELEASE

As the impact of the weaker exchange rate hits the major supermarkets like Tesco, the Forum of Private Business is encouraging UK businesses to seize the opportunity and position themselves as preferred Sterling based suppliers.

Ian Cass, MD of the Forum commented, 'For too long major retail outlets have squeezed their small UK suppliers both on terms and price, in favour of multinational suppliers like Unilever. The impact of that strategy is now starting to bite, and we are calling on the large U.K. retailers to open their delivery doors to the small UK producers once again, on transparent terms, and prompt payment. This would not only support UK small business, but also ensure that UK consumers don't have to pay the price of Brexit uncertainty'

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About Forum of Private Business

The Forum of Private Business is a not-for-profit comprehensive business support organisation founded in 1977. Our membership is spread throughout the UK and primarily made up of companies that employ between 1-50 employees, helping them to manage employees, saving time, giving advice, support and protection where a business needs it.

We are a recognised leading authority on business issues and represent the interests of business owners on many consultative bodies. We have built a solid reputation, being influential in many areas of policy-making, in changing laws that affect small businesses, and we continue to campaign for the fair treatment of businesses within the UK.

Everything we do is about making sure our members’ businesses operate profitably. This means that every penny we make goes back in to supporting our members, providing the support and resources that will enable businesses to flourish and grow.