HMRC umbrella company ‘checking tool’ looms for workers
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READ MOREBusinesses failing to consider cost of living payments
Only 1% of businesses have offered their employees a one-off cost of living payment despite inflation running rampant and a boost in the Bank of England base rate squeezing finances.
According to figures released by the Office for National Statistics (ONS) 5.5% of companies employing more than 250 staff had offered some kind of renumeration to help staff through the coming economic tempest that could see energy bills push to £4,200 a year in some of the most severe cases.
However, smaller companies under the 250 employee minimum found it harder to free up cash, hence the 1.1% figure.
Read more at Yahoo Finance
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