Categories: News

Only 1% of UK firms offer cost-of-living payment to staff: ONS

Just 1% of British businesses have offered their staff a one-off cost-of-living payment, something the Bank of England had recently flagged as an upside risk for inflation pressure, an official survey of businesses showed on Thursday.

The Office for National Statistics said 5.5% of companies employing more than 250 staff had offered such a payment in the three months leading up to mid-July.

However, a lower proportion of small companies had done so, leaving an aggregate of 1.1% for all businesses.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Agency Desk

Recent Posts

How to Activate Your Blue Cross Blue Shield of Massachusetts Insurance Card Online

To use your Blue Cross Blue Shield of Massachusetts insurance card, sign in to MyBlue,…

7 hours ago

How to Activate Your Venmo Credit Card in the App

To activate your Venmo Credit Card, open the Venmo app, scan your card or follow…

11 hours ago

How to Activate Your PCH Code the Safe and Easy Way

To activate your PCH code, go to the official PCH website, enter the code carefully,…

11 hours ago

How to Activate Your Sears MasterCard in Easy Steps

To activate your Sears MasterCard, go to the official card website or call the number…

11 hours ago

How to Activate Your BYOD Device on Verizon’s Network

Bringing your own device to Verizon starts with checking compatibility, entering your phone’s IMEI, choosing…

2 days ago

Ace Flare Card Online Activation: Easy Steps to Get Started

Activating your Ace Flare Card online is quick. Go to the card website, enter your…

2 days ago