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Labour costs loom ahead of new financial year

Summary by Pembrokeshire-herald.com

WELSH businesses are under increasing pressure to raise prices due to rising labour costs, according to the latest Quarterly Economic Survey by Chambers Wales South East, South West and Mid. The first survey of 2025 reveals that 85% of businesses in Wales cite labour costs—including salaries, pay settlements and contractor fees—as a major pressure in the first quarter. This marks a rise from 81% in the final quarter of 2024. Firms are also braci…

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Business News Wales

Businesses 'Feel Pressure' to Raise Prices Due to Increased Labour Costs

Businesses feel under pressure to raise their prices due to labour costs, according to Chambers Wales South East, South West and Mid’s first Quarterly Economic Survey of the year. 85% of businesses in Wales stated that labour costs, including salaries, pay settlements and contractors, were a key business pressure in the first quarter of the year, with the concern rising from 81% in Q4 of 2024. Increases to the National Minimum Wage (NMW) and Emp…

11 hours ago

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Drapers

How is fashion retail tackling new financial year staffing pressures?

Drapers How is fashion retail tackling new financial year staffing pressures? The start of a new financial year marks an increase in wage-related costs for fashion retailers. Drapers examines how this is impacting the approach to staffing in 2025.The post How is fashion retail tackling new financial year staffing pressures? appeared first on Drapers.

12 hours ago

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News from Wales

Reposted by

pembrokeshire-herald.com

Labour costs loom ahead of new financial year

News from Wales Businesses feel under pressure to raise their prices due to labour costs, according to Chambers... The post Labour costs loom ahead of new financial year appeared first on News from Wales.

17 hours ago

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Business in the News

Labour costs loom ahead of new financial year - Business in the News

17 hours ago

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brecon-radnor.co.uk

Reposted by

abergavennychronicle.com

Labour costs prompt Welsh businesses to raise prices

As the new financial year approaches, Welsh businesses are feeling the strain of rising labour costs, resulting in plans to increase prices by up to 15 per cent.

18 hours ago·Brecon, United Kingdom

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