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The phrase "a squeeze on" is correct and can be used in written English. It is typically used to describe a situation where there is pressure or strain on something or someone. Example: The economic crisis has put a squeeze on small businesses, making it difficult for them to stay afloat.
Exact(60)
There will be a squeeze on administrative costs.
REPUBLICANS also see a squeeze on middle-class taxpayers.
There is also a squeeze on independent insurance agencies.
But the publishers fear a squeeze on their own profit.
"There's a squeeze on incomes from two sides".
And a highly scheduled life puts a squeeze on childhood".
Presidential politics is also putting a squeeze on Congress.
We still see a squeeze on disposable income.
Would a squeeze on energy firms' prices jeopardise that spending?
It puts a squeeze on pay increases, it puts a squeeze on retirement contributions," said Steve Nyce, a researcher in charge of surveys at Towers Watson.
A rising dollar in turn puts a squeeze on the tourism industry and other exporters.
More suggestions(25)
a squeeze on revenues
a squeeze on the economy
a squeeze on expenses
a significant squeeze on
for a squeeze on
a press on
a crush on
a shove on
a contraction on
a pinch on
a push on
a shake on
a constraint on
a tightness on
a curtailment on
a pressure on
a retrenchment on
a stranglehold on
a tightening on
a word on
a war on
a referendum on
a focus on
a tax on
a button on
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com