Business owners in the South West have stepped in to support their employees as the cost-of-living crisis continues.
According to research by Rathbones, 42% of South West business owners have provided their employees with regular financial support over the past six months, while a further 14% have given a one-off lump sum to their staff to help with rising costs.
The investment management company, which has offices in Bristol, Cheltenham, Exeter and other locations throughout the UK, found that nationally 43% of business owners have offered regular financial support to their employees. Those in the East of England were the most generous to staff with three quarters reporting to have offered regular financial support in the last six months.
