
May 2026 Insight: Labour Costs Are Rising — Even Without New Tax Increases
For UK businesses, May 2026 has arrived with an unexpected pressure point: labour costs continue to rise sharply

For UK businesses, May 2026 has arrived with an unexpected pressure point: labour costs continue to rise sharply

For UK businesses, April 2026 has brought a renewed wave of cost pressure and energy sits firmly at the centre of it

By March, the conversation shifts again from “what’s happening?” to “what are we going to do with the rest of the year?

If January was about the macro picture, February has been about how B2B SMEs actually win work in this new environment.

January opened with something B2B SMEs haven’t felt in a while: a hint of
stability, but with strings attached.