About this time last year, I remember talking about the extent to which many small businesses – notably in the retail, leisure and hospitality sectors – were pinning their hopes on the so-called “golden quarter”.

The three months in the run-up to Christmas, when we open our wallets and let down our hair, have become particularly important as consumers have less cash and more caution about spending it. (Which seems a good point to remind you that, if you’re still looking for that special gift or treat, there are plenty of local small businesses that will be more than happy to help out.)

Sadly, as I said at the time, the end of 2024 turned out to be more of a brass sixteenth than a golden quarter – and heralded the start of what can only be described as a tough 2025.

We all know the picture: costs going up – everything from utility bills, to raw materials, to staff; turnovers falling; profit being squeezed out.

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And now, to add to those pressures, the last week or two have brought extra angst to many small retailers, neighbourhood cafes, bars and restaurants. They have been learning what the latest business rates........

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