Majority of UK businesses want government help with rising cost of living

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Totaljobs: ‘We’re already seeing an increasing number of people looking for work in different sectors as the rising cost of living prompts many to seek better paid work’.

As many as 80% of UK firms say that they are concerned about the impact the cost of living will have on their business.

The Totaljobs research shows that the biggest concerns are:

  • Their own overhead costs increasing (48%)
  • Staff retention levels (38%
  • Their ability to offer competitive salaries (28%)

A staggering 96% of businesses say that they would like to see support from the government in order to deal with the rising cost of living.

The support they would like to see includes a reduction in energy bills, as well as measures to reduce the cost of living for workers.

  • 44% want the government to cancel the National Insurance hike.
  • 40% would like to see increased financial help for workers.
  • 23% want the government to reduce regulation.

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Jon Wilson, CEO of Totaljobs, commented, “Vacancies have continued to grow and without the right support from government, the challenge to find talent remains to be solved. We’re already seeing an increasing number of people looking for work in different sectors as the rising cost of living prompts many to seek better paid work. This is particularly the case for essential workers or those on lower incomes.

“Meanwhile, employers have real concerns for the wellbeing of their employees when it comes to addressing financial stress. It’s really encouraging to see so many employers are already taking vital steps to help mitigate the challenges employees face in a changing economy, but they understandably want to see the Government do more. In the meantime, employers will be looking to strike the balance between attraction and recruitment strategies while investing in, and rewarding, existing staff.”

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Dolan Accountancy was set up by Simon J Dolan, the man behind the well-known brand SJD Accountancy. With over 25 years experience in the contracting marketing, Dolan Accountancy has the heritage, reputation and credibility you can trust. Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £105 + VAT per month. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost. We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours.
  • Free use of Contractor Umbrella – With changes in Public Sector IR35 Legislation we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, Contractor Umbrella.
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams.
  • Free Access to FreeAgent – The founder behind the multi award winning FreeAgent platform was one of Simon’s first clients, therefore it only seems fitting that we offer all of our clients access to FreeAgent, free of charge.
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  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative.
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