#business-costs

#business-costs

PPI increased by 3.3 percent since last July, indicating potential future inflation.

Retail sales in June rose by 0.9%, marking a partial recovery following a 2.7% decline in May.

UK businesses face financial strain from employee sickness absence, costing an average of £20,735 per employee for long-term sickness.

Long-term sickness absence costs UK businesses an average of £20,735 per employee.

Short-term sickness absence costs an average of £13,800 per employee.

Consumer prices have remained stable but may soon rise due to entrenched tariffs. Businesses report rising costs impacting profit margins.

Expense management is becoming complex, and many businesses struggle with visibility and compliance amid rising costs.