Wage growth hits 7.3%.
Interest rate rises may slow.
With inflation expected to slow, many are predicting that the worst is now behind us, however, whilst it’s positive news, it doesn’t necessarily mean that interest rates will begin to fall quickly.
Other pressures remain and one of the greatest factors, as Sky reports, is that wage growth has reached it’s highest level on record with an unprecedented increase of 7.3% in the three months to May, which his higher than economists had predicted.
As a result, unemployment has increased to 4% which can be attributed in no small part to rising labour costs. This is a particularly difficult time for businesses in that managing those spiralling fixed costs can severely impact competitiveness.
Here at Live Web Chat, we can offer a solution. If you’re looking for simple and easy ways to improve your online engagement, without the added costs of employing more staff, then we can help. We not only provide the software to implement a chat function onto your website, but we can help by installing and answering chats on your behalf with our fully trained agents, increasing customer engagement without the cost of additional staff.
No long contracts mean you’re not financially tied in either so you can spend that money on where the business really needs it.
Contact us today to find out more about how Live Web Chat can help you convert website visitors into paying clients. You can find out more about what we offer on our website, or by calling us on 01273 741113.