International Business Report has found that staffing costs, rather than raw
material costs, will have the biggest impact on cost pressures on UK companies
over the next 12 months.
Its research revealed that 41% of UK companies felt staffing costs would have
a major impact over the coming 12 months, compared to the rest of the world,
which felt that raw material costs would have the biggest impact.
Only 31% of UK businesses felt raw materials would have a major impact –
ranking it as the third biggest effect over the next year.
Alysoun Stewart, head of
Thornton’s Strategic Services Group, said: “We know from our own clients and
from other research that the skills shortage we are currently facing is the
biggest constraint to growth, causing upward pressure on labour costs to ensure
the business can attract the best people.’
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016