#labour-costs

#labour-costs

Business confidence among firms is weak, with only 49% expecting turnover to increase over the next 12 months, a slight rise from previous quarters.

Following the long-heralded increases in employer NI contributions and the National Living Wage, all eyes were on labour costs this April. British businesses were asked: "Which of the following challenges, if any, are currently impacting your business's turnover?" Only 16.1% of transportation & storage firms who responded between 19 April and 18 May said labour costs had impacted their turnover. That's significantly fewer than the 26.3% of manufacturers and 22.1% of retailers who said labour costs were impacting their businesses.

Despite a decrease in profits, JD Wetherspoon's total revenue showed a solid 3.9% growth, reflecting strength in its sales strategy and demand for its offerings.