Nine in 10 SMEs Say Labour Costs Risk Driving up Prices

Nine in 10 SMEs say labour costs risk driving up prices

High employment costs now outstrip energy charges as the most-cited source of pressure to raise prices, creating inflationary headwinds and threatening the competitiveness of the UK labour market.

Enginuity Report – Labour Costs Holding Back Growth

A new report out today (Thursday July 31st) shows UK growth could be curbed because of Government NIC increases...

Labour Costs and Skills Shortages Overtake Energy Costs in Holding Back Growth

High employment costs are now outstripping energy costs as the most cited source of pressure to raise prices, creating inflationary headwinds and threatening the competitiveness of the UK labour market, according to a new report from the former sector skills council, Enginuity. Skills shortages – where the labour is available but not with the right skills for the role – are also hampering business growth and causing SMEs to hold back on investme…