British yob culture costs businesses £9.8bn a year
Thursday 16th February 2012
Yob culture is a growing issue for British businesses, causing losses of £9.8 billion last year alone, according to new research released by RSA, the UK's largest commercial insurer.
This translates to an average cost of £4,000 for every single business in Britain.
The study examined the impact of yob culture on UK businesses in 2011, including incidences such as petty theft, broken windows and doors, graffiti, littering and intimidation or harassment.
The findings show that almost one in five businesses were impacted by yob culture last year, at an average cost of just over £20,000 for each affected business.
Broken doors and windows and petty theft were said to be the two most common types of yob behaviour experienced, affecting as many as half of all businesses surveyed.
Looking at 2012, 37% of businesses say they expect yob culture to increase as a result of ongoing economic volatility, and employers expect it to cost them more year-on-year at £26,000 on average - a clear indication that Britain's yob culture is a growing problem, says RSA.
In 2011, Engineering and Utilities were most likely to be affected; however the cost to business was highest in Construction (£66,000 per business) and Transport (£53,000). Large businesses are more affected by yob culture than small businesses.
“Honest businesses of all sizes and types right across the country are footing the bill for what is socially unacceptable behaviour,” said Jon Hancock, managing director, commercial, at RSA.
"The importance of businesses preparing for the risks they face and having the right level of protection in place should not be underestimated.
“This research shows that UK businesses expect yob culture to cost them more this year, so I would encourage all employers to carefully consider how they can protect themselves in order to safeguard the future welfare of their business."
Have your say on this story using the comment section below
blog comments powered by Disqus
Editorial Contact Details - Mike Jones