Phil Greenway

Report Highlights:

• In September to November 2024, 33.78 million people were employed in the UK.
• The unemployment rate for the same period was 4.4%, with 1.57 million unemployed.
• 9.30 million people were economically inactive in September to November 2024.
• The number of job vacancies fell to 812,000 in October to December 2024.
• Average wages increased by 3.2% including bonuses and 3.4% excluding bonuses in real terms.

Understanding the UK Labor Market: Key Indicators and Changes

The UK labor market experienced a mix of changes in employment, unemployment and economic activity.

• In September to November 2024, 33.78 million people aged 16+ were employed, with an employment rate of 74.8% for those aged 16-64.
• Employment levels increased by around 440,000 over the last year, but the employment rate fell slightly.
• The UK unemployment rate was 4.4%, with 1.57 million people aged 16+ unemployed.
• Unemployment levels increased by around 190,000 over the last year, and the unemployment rate also increased.
• 9.30 million people aged 16-64 were economically inactive, and the inactivity rate was 21.6%.
• Both inactivity levels and the inactivity rate fell slightly in the last year.
• The number of job vacancies fell to 812,000 in October to December 2024.
• Average wages increased in real (inflation-adjusted) terms by 3.2% including bonuses and 3.4% excluding bonuses in the three months to November 2024.
• Nominal wages increased by 5.6% including bonuses and 5.6% excluding bonuses.
• The employment rate was 74.1% in the period up to May 2024, which is a 1.1 percentage point decrease over the last year.
• Unemployment reached 4.4% in the period up to May 2024, an increase of 0.4 percentage points.
• Economic inactivity was at 22.1% up to May 2024, an increase of 0.8 percentage points.
• The total number of people aged 16 to 64 who are out of work rose by 510,000 over the last year.
• Unemployment rose by 120,000 in the last year.
• Economic inactivity rose by 390,000 over the last year.
• The number of people in employment has fallen by 300,000 in the last year.
• The employment rate stood at 74.8% in the period up to July 2024, unemployment at 4.1% and economic inactivity at 21.9%.
• There was an increase of 150,000 in the level of employment in the last year.
• There was an increase of 310,000 in the level of economic inactivity in the last year.

Data Reliability Concerns with the Labour Force Survey

• In recent years, fewer people have been responding to the LFS, challenging data reliability.
• The Office for National Statistics (ONS) reintroduced LFS data in February 2024 after issues with data reliability between October 2023 and January 2024.
• The ONS has stated that reintroduced LFS estimates should be treated with additional caution.
• Due to time constraints, data has only been reweighted from January to March 2019 onwards, creating a break in the data.
• The ONS remodelled headline data back to June to August 2011.
• The ONS boosted the LFS sample size in October 2023 and January 2024 to improve reliability.
• The ONS said there might be instability in the LFS as changes to data collection won’t be fully included until May 2025.
• In December 2024, the ONS reweighted some LFS data using new population estimates, indicating an extra 484,000 people aged 16-64 in the UK in April to June 2024.
• This reweighting resulted in employment levels being 402,000 higher in April to June 2024 than in previously published data.
• Reweighted data showed unemployment to be 30,000 higher in April to June 2024 compared to previously published data.
• The reweighting did not significantly affect the unemployment rate in April to June 2024.
• Economic activity among those aged 16-64 was 60,000 higher in April to June 2024 in the reweighted data than in previously published data.
• The inactivity rate was 0.1 percentage points lower in the reweighted April to June 2024 data.
• Between October 2023 and January 2024, the ONS published headline data using PAYE and claimant count data to adjust LFS data from previous months.
• On 5 February, the ONS published the reweighted Labour Force Survey data for the months it had previously been unable to publish.

Employment Trends and Analysis

Here is some information from the sources about employment trends and analysis, with statistics included in each bullet point:

• In September to November 2024, there were 33.78 million people aged 16+ employed in the UK.
• The employment rate for people aged 16-64 was 74.8%.
• Employment levels increased by around 440,000 over the last year.
• The employment rate fell slightly.
• The employment rate remained close to 75% since the end of 2021.
• This is below the pre-pandemic employment rate of 75.9% in January to March 2020.
• The increase in employment of 438,000 over the year to September to November 2024 was measured alongside an increase of 95,000 payrolled employees in the year to November 2024, and an increase of 364,000 jobs in the year to September 2024.
• The Bank of England noted in May 2024 that Workforce Jobs data showed employment growing by around 4% since 2019 while LFS data showed employment growing by 0.6% over the same period.
• Reweighting in December 2024 brought the two estimates closer together: Workforce jobs showed growth of 3.3% between September 2019 and September 2024, and the LFS showed employment growth of 2.6% between August to October 2019 and the same period in 2024.
• In March to May 2024, the employment rate was 74.1%.
• WFJ reported that employment was up by 500 thousand in the year ending April-June 2024.
• PAYE data reported 185 thousand more employees over the same period.
• The LFS reported a fall in employment of 70 thousand up to the April-June quarter.
• July 2024 LFS figures show a rise in employment levels.

Looking at employment by type:

• The increase in employment levels over the last ten years has been driven by full-time workers.
• In September to November 2024, 25.36 million people were employed on a full-time basis while 8.42 million were employed on a part-time basis.
• The number of full-time workers continued to increase after the outbreak of the pandemic, while there was a sharp fall in part-time employment.
• The increase in employment levels in the last year was driven by an increase in full-time employment.
• In September to November 2024, there were 29.20 million people working as employees, while a further 4.40 million were self-employed.
• **The number of employees continued to increase after the start of the pandemic, driven by full-time employees. **
• In September to November 2024, there were around 1.5 million more full-time employees compared to pre-pandemic levels.
• The number of self-employed workers fell following the start of the pandemic and remained around 500,000 below pre-pandemic levels in September to November 2024.

Analysis of employment trends suggests:

• A tight labor market, with low unemployment and high vacancies in 2022 and 2023, made recruitment difficult.
• This tightness contributed to nominal wage growth and upward pressure on inflation.
• Demand for labor has slowed, leading to a loosening labor market and a fall in wage growth.
• Vacancy levels remain above pre-pandemic levels.
• The Office for Budget Responsibility expects the employment rate to rise slightly over the next year before falling in subsequent years until 2029.
• The unemployment rate is expected to fall slightly in the next year, before rising towards the end of the decade.

Unemployment and Economic Inactivity: Key Factors

• In September to November 2024, there were 1.57 million unemployed people in the UK, and the unemployment rate was 4.4%. Unemployment levels increased by around 190,000 over the last year, and the unemployment rate also increased.
• In March to May 2024, the unemployment rate was 4.4%.
• Looking across the countries and regions of the UK in September to November 2024, the unemployment rate was highest in London (6.2%) and lowest in Northern Ireland (1.7%).
• There were 112,000 redundancies in September to November 2024. Redundancies rose sharply during the coronavirus pandemic and then fell equally sharply as restrictions were lifted.
• Redundancies fell to around 52,000 in March to May 2022, the lowest level since records began in 1995.
• In September to November 2024, 9.30 million people aged 16-64 in the UK were economically inactive. The inactivity rate was 21.6%. Both inactivity levels and the inactivity rate fell slightly over the last year.
• In March to May 2024, the economic inactivity rate was 22.1%.
• Although inactivity fell over the last year, the number of economically inactive people in September to November 2024 remained 670,000 higher than pre-pandemic levels in January to March 2020.
• Long-term sickness and being a student were the leading reasons for economic inactivity in September to November 2024, with 30% of economically inactive people citing long-term illness and 26% citing student status as the reason for their inactivity.
• In July to September 2024, 10.8% of young people were not in full-time education and were economically inactive, the highest proportion recorded.
• The number of economically inactive people with a long-term illness reached its highest recorded level in February to April 2024 since the ONS series began in 1993.
• In December 2024, 1.74 million people claimed unemployment-related benefits, unchanged from November 2024 and 182,000 more than December 2023.
• The claimant count was 514,000 higher in December 2024 than in March 2020, when the first coronavirus lockdown began.

Key factors influencing unemployment and economic inactivity:

• The coronavirus pandemic had a significant impact on unemployment and economic inactivity, with both measures rising sharply during the early stages of the pandemic.
• The UK’s tight labor market in 2022 and 2023, characterized by low unemployment and high vacancies, contributed to difficulties in recruitment and upward pressure on wages and inflation.
• Long-term sickness is a major factor driving economic inactivity, with the number of people inactive due to long-term illness rising to record levels.

Demographic Breakdown of the UK Labour Market

Here is some information from the sources about the demographic breakdown of the UK labor market, with statistics included in each data point:

Women and Men

• In September to November 2024, 16.36 million women and 17.42 million men were employed.
• The female employment rate was 71.8%, and the male employment rate was 78.0%.
• Employment rates and unemployment rates are higher for men than women, but the gap in unemployment is now small.
• Economic inactivity rates are higher for women: in September to November 2024, 25.0% of women aged 16-64 were not in work and not looking for work, compared to 18.1% for men.
• The gap between male and female rates has been narrowing due to a decrease in the number of economically inactive women.
• The flow from inactivity to employment for women has meant that the employment gap between men and women has also been closing in recent years.
• Increases in the employment rate for women in recent years are partially attributed to changes to the State Pension age.

Young People

• In September to November 2024, 628,000 young people aged 16-24 were unemployed, a rate of 14.5%.
• In the months following the start of the pandemic, there was a large fall in employment levels for young people aged 16-24, followed by a rise in unemployment.
• Unemployment levels for young people fell after that to below pre-pandemic levels before rising again. In 2023 and 2024 it has generally been similar to pre-pandemic levels.
• The share of young people neither in full-time education nor in the labor force has been rising over the last three years and reached its highest ever rate earlier this year.
• Recent months had seen the figures start to improve, but data shows a significant deterioration with the proportion of young people not in full-time education and economically inactive back up to 10.8%.

Ethnic Groups

• The ONS has not reweighted labor market data by ethnic group, so figures in this section should be treated with additional caution.
• In July to September 2024, the unemployment rate for minority ethnic groups (8.1%) was more than double the rate for White ethnic groups (3.6%).
• In July to September 2024, unemployment rates were highest for people from Mixed and multiple ethnic groups (13.9%) and Pakistani (10.2%) ethnic groups, and lowest for White ethnic groups (3.6%).
• The UK unemployment rate was 4.4% in the same period.
• The gap between unemployment for White ethnic groups and minority ethnic groups was gradually narrowing before the pandemic, but this trend was reversed by the pandemic.
• Unemployment rates for minority ethnic groups increased from 6.3% in the pre-pandemic quarter January to March 2020 to a high of 9.8% in October to December 2020.
• In comparison, the unemployment rate for people from a White ethnic group increased from 3.6% to a high of 4.6%.

Nationality

• The ONS has not reweighted labor market data by nationality, so figures in this section should be treated with additional caution.
• In July to September 2024, the employment rate for all non-UK nationals was 76.2%, compared to 74.7% for UK nationals.
• Nationals of EU countries had an employment rate of 80.4%, compared to 73.1% for non-EU nationals.
• In July to September 2024, there were 4.63 million people working in the UK who were not UK nationals, 13.9% of all people in employment.
  • This included 2.01 million people who were nationals of the 27 EU countries (6.3%) and 2.55 million people who were nationals of countries outside the EU (7.6%).
• There were large increases in the number of EU nationals working in the UK up to the end of 2017, but those numbers have since fallen due to Brexit and the coronavirus pandemic.
• The number of non-EU nationals working in the UK has been steadily increasing in recent years.
• Compared to the pre-pandemic quarter of January to March 2020, there was a fall in employment of around 350,000 for UK nationals and a fall of over 300,000 for EU nationals.
• There was an increase for non-EU nationals of over a million, meaning the increase in employment for non-UK nationals was around 750,000.

Disability

• The ONS has not reweighted labor market data by disability status, so figures in this section should be treated with additional caution.
• In July to September 2024, the employment rate for disabled people was 54.4%, and the rate for people who are not disabled was 81.9%, resulting in a disability employment gap of 27.5 percentage points.
• Between July to September 2014 and July to September 2024, the disability employment gap reduced by almost 6 percentage points because the employment rate for disabled people has been rising faster than the employment rate for people who are not disabled.
• The gap increased slightly during the coronavirus pandemic.

Sources:

1. https://www.employment-studies.co.uk
2. https://researchbriefings.files.parliament.uk
3. https://www.employment-studies.co.uk

Report Highlights:

• 7.7% of new businesses in the UK do not make it past the first year (2025).
• The one-year survival rate is 92.3% (2025).
• 71.1% of new businesses will fail within the first 3 years.
• Only 39.4% of small businesses reach the 5-year mark.
• In 2023, the business birth rate was 11% (316,000 new businesses) and the death rate 10.8% (309,000 businesses closing).

More statistics: Number Of Businesses in the UK, UK Gambling Statistics, Employee Stress Statistics

UK Business Death Rate

• In 2020, almost 11% of UK businesses (316,310) stopped trading.
• 47% of SMEs reduced operations, while 31% temporarily closed down completely in 2020.
• 20% of small businesses in the UK fail in their first year, and 60% fail within the first three years.
• London had the highest business death rate in 2020 at 12.1%, followed by the West Midlands at 11.9% and the North West at 10.6%.
• The transport and storage industry had the highest business death rate in 2020 at 14.7%, followed by business administration and support services at 14.1%, and the information and communication industry at 12.8%.
• The top causes of start-up failures are running out of cash or failing to raise new capital (38%), lack of market need (35%), being outcompeted (20%), flawed business model (19%), regulatory or legal changes (18%), pricing or cost issues (15%), not having the right team (14%), mistiming the product (10%), poor product (8%), disharmony among team or investors (7%), failed pivot (6%), burning out or lack of passion (5%).

Failure Rate of Small Businesses

• By the end of the second year, 30% of businesses will have failed.
• During the 21/22 tax year, 810,316 new businesses were formed.
• Approximately half of businesses fail in the first 5 years.
• Only 30% of businesses remain after a decade, resulting in a 70% failure rate.
• There are valid reasons for a business no longer existing, such as retirement.
• The failure rate can vary between 15% and 25% in a single year.
• Major events, like the Covid-19 pandemic, can significantly impact the failure rate.
• Failure rates differ across industries, with healthcare businesses having a lower rate and warehousing and transportation businesses having a higher rate.
• Some businesses may not be counted in the metrics due to reporting errors.
• Businesses can continue to exist even when not performing optimally.
• Only 1 of 5 of businesses fail within the first year, while 50% fail within the first five years.
• Around 12.5% of businesses in the first year fail due to lack of preparation.
• Overestimating the failure rate of small businesses is common.
• About 50% of small businesses have a chance of surviving past year 5.

UK Small Business Trends

• The number of small businesses in the UK has decreased by 6.6%, from 5.9 million to 5.5 million.
• SMEs still make up 99.9% of the UK’s business population.
• On average, 56% of SMEs have sought external finance.
• Nearly all (91%) midsize company leaders are facing challenges due to inflation.
• 45% of small business leaders consider inflation a top challenge for the year ahead, up from 20% last year.
• Small business employment is at 12.9 million (48%) with a turnover of £1.6 trillion (36%).
• 4.2 million small businesses have no employees, while 1.4 million have employees.
• In the private sector, SMEs account for 61% of employment and over half of the turnover at £2.3 trillion (52%).
• There was a 23% increase in the number of business failures compared to the previous year.
• 46% of businesses in the UK are limited companies with one employee.
• Companies and public corporations now represent 74.3% of total UK businesses.
• 64% of UK SMEs believe that Brexit has negatively impacted the UK economy.
• 51% of startup owners do not consider Brexit an obstacle.
• In the US, there were 32.5 million small businesses in 2021, a growth of 9.8% over four years.

Reasons Why UK Startups Fail

• 47% of startup failures in 2022 were due to a lack of financing, nearly twice as many compared to 2021.
• 44% of failures happened because of running out of cash.
• Investments in North American startups dropped by 63% in 2022 (reason: potential recession).
• The Covid-19 pandemic caused 33% of startup failures in 2022, a decrease from 59% in the previous year.
• 58% of founders wished they had conducted more market research before launching their businesses.
• The same percentage of founders regretted not having a stronger business plan.
• 79% of surveyed founders advised aspiring entrepreneurs to “learn from your mistakes”.
• 40% of founders had pivoted their startups in some way to avoid failure, and 75% believed it contributed to their success.
• Failure to pivot is a major reason why startups fail.
• In 2021, there were 5.4 million new businesses started in the UK.
• About half of all businesses fail within the first five years, and only 35% make it past 10 years.
• Many businesses fail because owners lack knowledge in company management and don’t seek help from experienced individuals.
• Failure to understand payroll, liability insurance, and proper employee payment can lead to legal and financial consequences for business owners.
• Opening a business in a location where a previous business failed often results in repeated failures.
• Businesses fail when owners don’t have a good understanding of cost structures and fail to keep track of their financial numbers.

UK SME Trends

• 65% of failed SMEs blame cash flow problems for their failure.
• 42% of startups fail because of a lack of market demand.
• 39% of UK businesses struggle with scaling up.
• 92% of consumers trust recommendations from individuals more than brands.
• 89% of the UK population is active online.
• Participating in local events and online forums can boost brand visibility.
• Collaborating with other businesses can increase brand exposure.
• Exceptional customer service helps differentiate SMEs and foster loyalty.

Conclusion

This report highlights the high failure rates of new businesses in the UK. 20% of new businesses do not make it past their first year, while 60% fail within the first three years. Additionally, only 33% of small businesses reach the 10-year mark.

We’ve also highlighted the factors contributing to business failures, such as running out of cash, lack of market need, and being outcompeted.

The report sheds light on the impact of major events like the Covid-19 pandemic on the failure rate. It is evident that failure rates vary across industries, with healthcare businesses having a lower rate and warehousing and transportation businesses having a higher rate.

Despite these challenges, SMEs still make up a significant portion of the UK’s business population, and there are opportunities for success through strategies such as seeking external finance, conducting market research, and pivoting when necessary.

SOURCES:

• business4beginners.co.uk – How Many UK Businesses Fail
• nerdwallet.com – Startup failure statistics
• entrepreneur.com – True failure rate
• startups.co.uk – Small business statistics
• cnbc.com – Why Startups Failed
• forbes.com

Report Highlight:

• 43% of individuals in the UK, equivalent to around £29 million people, engage in gambling on a monthly basis.
• An estimated 300,000 individuals in the UK are considered problem gamblers.
• In 2022, the gross gambling yield (GGY) for online gaming in the UK reached £6.4 billion.
• The GGY for land-based gambling in the UK amounted to £3.5 billion in 2022.
• Gaming machines in the UK generated a GGY of £1.8 billion in 2022.
• In the online gaming sector in the UK, the GGY for casino games reached £3.9 billion in 2022.
• Remote sportsbooks in the UK generated a GGY of £2.4 billion in 2022.
• New account registrations for online gambling in the UK have experienced a 9.1% increase compared to pre-pandemic levels.
• By the end of 2022, there were 2,419 licensed operators in the UK, a decrease from 2,819 in 2018.

More statistics: Debt Statistics – Fraud Statistics – Employee Stress And Burnout Statistics

UK Online Gambling Trends

• Approximately 43% of individuals in the UK, equivalent to around £29 million people, engage in gambling on a monthly basis.
• An estimated 300,000 individuals in the UK are considered problem gamblers.
• In 2022, the gross gambling yield (GGY) for online gaming in the UK reached £6.4 billion.
• In 2021, the GGY for online gaming in the UK was £6.9 billion.
• The GGY for land-based gambling in the UK amounted to £3.5 billion in 2022.
• Gaming machines in the UK generated a GGY of £1.8 billion in 2022.
• In the online gaming sector in the UK, the GGY for casino games reached £3.9 billion in 2022.
• Slot games accounted for £3 billion of the GGY for casino games in the UK in 2022.
• Remote sportsbooks in the UK generated a GGY of £2.4 billion in 2022.
• New account registrations for online gambling in the UK have experienced a 9.1% increase compared to pre-pandemic levels.
• By the end of 2022, there were 2,419 licensed operators in the UK, a decrease from 2,819 in 2018.
• In 2021, there was a 22.5% increase in online casino participation.
• In 2021, remote betting saw a 13.5% increase.
• Pre-pandemic, in-person casino GGY was £1.018 billion, during the pandemic it was £0.117 billion, and post-pandemic it amounted to £0.692 billion.
• Pre-pandemic, the GGY for remote casinos was £3.23 billion, during the pandemic it rose to £4.04 billion, and post-pandemic it remained at £3.9 billion.
• Projections indicate that the online gambling industry in the UK will employ 120,000 individuals in 2023, marking an 8% increase from 2022.
• The average salary in the UK’s online gaming industry in 2023 is £57,500.
• Gambling activities are participated in monthly by 43% of the UK population.
• 26% of the UK population engages in online gambling.
• In 2018, online gambling participation stood at 19%.
• The number of online gaming accounts in the UK is currently 32 million.
• The most popular forms of online gaming in the UK are the National Lottery, sports betting, horse races, football pools, bingo, and casino games.
• The average UK online gambler spends £2.60 per week or £135.20 annually.
• The primary reasons why young people gamble are for enjoyment, the perceived likelihood of winning, having an activity to engage in, the simplicity of the games, and the desire to win money.
• Debit cards or eWallets are used by 66% of individuals in the UK for gambling.

Gambling Industry Statistics 2025

• The UK gambling market is estimated to be worth more than £14.3 billion in 2023.
• Online gambling makes up over 38.2% of the total market, with revenues of £5.4 billion in 2023.
• Online casinos generated £3.2 billion in revenue, with slots being the most popular game.
• Sports betting accounted for £1.9 billion of online gambling revenue in 2023.
• The number of active online gamblers in the UK reached 24.7 million in 2023, a 6.2% increase from 2022.
• The number of self-excluded gamblers increased by 15% in 2023.
• Penalties issued for non-compliance increased by 20% in 2023.
• Approximately 0.7% of the adult population in the UK were identified as problem gamblers in 2023.
• The number of self-exclusions increased by 25% in 2023.
• Over £10 million was donated by the industry to problem gambling charities in 2023, a 20% increase from 2022.
• The number of individuals seeking help for problem gambling increased by 30% in 2023.
• The UK gambling industry is expected to grow at a CAGR of 6.7% through 2027.
• The online sector is projected to have a market size of over £6 billion by 2024.
• The UK government plans to implement new regulatory changes, including stake limits, affordability checks, and a levy on betting firms, to address problem gambling.

UK Gambler Statistics

• The revenue generated by the UK National Lottery in the decade ending in April 2022 exceeds £74 billion.
• More than a quarter of UK adults played the lottery in the first quarter of 2023.
• 44% of people aged 16 and above in the UK took part in gambling during that time.
• In March 2023 alone, nearly 14 million Brits engaged in some form of online gambling.
• 26% of UK adults occasionally gamble online.
• 35% of 45-54 year-olds in the UK actively gamble online in 2023.
• 31% of 35-44 year-olds in the UK frequently gamble.
• During March 2023, 42% of UK adult women and 45% of UK men gambled.
• UK accounts for 23% of Europe’s total sports betting market.
• Betting on real events like sports is 35% more popular in the UK than playing online slots.
• Gross gambling yield for real event and slots betting exceeds £200 million in the year ending March 2023.
• Largest online gambling operators reported a total gross gambling yield of £4.9 billion during the same period.
• On average, people in the UK spend £70 per person per week on gambling.
• 54% of survey participants gamble every week, while 21% gamble once a fortnight.
• 85% of surveyed gamblers have gambling apps installed on their mobile devices.
• 78% of female gamblers and 61% of male gamblers believe that UK gambling regulations should be stricter.

Gambling Addiction Statistics

• The rate of problem gambling in the UK fell to 0.2% in the year to March 2022.
• Problem gambling rates among women remained at 0.1%.
• The number of problem gamblers decreased from 225,000 to 113,000.
• The use of black market gambling sites in the UK has more than doubled in two years.
• The black market in Norway accounts for over 66% of all money staked, with a problem gambling rate of 1.4%.
• In France, 57% of money staked goes to black market operators, with a problem gambling rate of 1.6%.
• Most problem gamblers are not addicted and require a clinical assessment for gambling addiction.
• The UK’s betting and gaming industry has funded research, education, and treatment for problem gamblers.
• Problem gambling figures should be a warning to ensure future changes are balanced, proportionate, and targeted.
• The regulated industry promotes safer gambling unlike the unsafe online black market.

Key Takeaways

The UK’s gambling industry continues to show significant growth, with an estimated market value of over £14.3 billion in 2023.

The online sector remains a substantial contributor, accounting for over 38.2% of the total market. Notably, the transition to online platforms, bolstered by the pandemic, has witnessed an increase in online gambler participation, from 19% in 2018 to 26% in 2023.

Alongside the growth, the industry faces challenges related to problem gambling, evidenced by the rise in self-exclusions and individuals seeking help.

The proposed regulatory changes by the UK government, including stake limits and affordability checks, aim to address these issues, ensuring a safer gambling environment.

SOURCES:

• xace.io – Gambling statistics
• thelondoneconomic.com – UK Gambling Industry
• wales247.co.uk – UK Gambling Market
• politicshome.com – Problem Gambling Rates
• statista.com – Gaming GDP UK

Report Highlights:

• 79% of British adults get stressed every month.
• 90% of young adults in the UK experience monthly stress.
• 50% of UK workers are on the brink of burnout.
• Over 13.7 million workdays are lost annually in the UK due to stress, anxiety, and depression.
• Stress, burnout, and mental health issues cost the UK economy a whopping £28bn each year.

More Statistics: Average Employee Turnover Rate, Number Of Businesses, Food Delivery Market Size

Stress And Burnout Statistics

• In the UK, 79% of adults experience stress at least once every month.
• For those aged 18-24 in Britain, 90% report monthly stress.
• 20% of people living in the UK are stressed on more days than they are relaxed each month.
• An 18-24-year-old in the UK typically faces stress for about 9.82 days each month.
• 56% of the working population believe that a moderate level of stress boosts their performance.
• Close to burnout are 46% of professionals in the UK.
• Half of the UK employees working remotely feel they might experience burnout.
• Of those who work in physical office spaces, 41% believe they’re on the brink of burnout.
• When it comes to online searches about burnout, Cambridge leads the way in the UK.
• In 2023, 42% of individuals say they feel more drained than at any previous time.
• In the last year, 60% of professionals took advantage of their full holiday allowance.
• There was a 48% rise in burnout reports among the British workforce over the last year.
• The primary trigger for burnout? 78% cite their workload.
• Each year, 13.7 million working days go unused in Britain due to ailments like stress, anxiety, and depression related to work.
• Stress seems to most prominently affect those between the ages of 18 and 34.
• Among all UK cities, 70% of London’s residents are the most prone to stress.
• For 39% of UK adults, their profession is the most significant stress inducer.
• A quarter of the UK’s working community has taken a stress-induced leave at some point.

Amount of People out of Work

• The number of people not working in the UK due to illness has reached a record high. (438,000 more people were not looking for work in the first 3 months this year)
• In total, 2.5 million people are currently not working due to health problems.
• Rise in illness-related unemployment can be attributed to an increase in mental health issues, particularly in young people.
• Four in five workers say workplace burnout has affected their health and wellbeing.
• Almost half of employees frequently feel overwhelmed due to increasing inflationary pressures.
• Gen Z employees experience burnout at the highest rate.
• Nearly 50% of 18-24 year olds entering the workforce experience higher stress levels compared to older colleagues.
• Low employee engagement may contribute to stress in young workers, as they often struggle to connect with coworkers, managers, or employers.
• 61% of young people working from home go for hours without talking to anyone, negatively impacting their mental health.
• 54% of Gen Z workers feel lonely and isolated at home, compared to 38% of older colleagues.
• Financial pressures continue to cause stress for employees, leading to “quiet quitting” or disengagement from their job.
• 24% of UK employees admit to no longer going above and beyond at work.
• Quiet quitting affects organizational culture and can lead to increased operational costs and decreased productivity.
• Disengaged employees cost their company the equivalent of 18% of their annual salary.
• A minority of employees rate the physical (32%), mental (39%), and financial (28%) wellbeing support from their employers as good or excellent.
• 72% of UK staff believe their workplace wellbeing would improve if they were simply thanked for their hard work.
• Transactional leadership, which rewards high-achievers with benefits and perks, can motivate employees and improve their wellbeing.
• Employees need to feel recognized and valued in the workplace for their financial and career wellbeing.

Burnout and Work-Related Stress Cost and Percentages

• Work-induced stress, burnout, and mental challenges drain £28bn from the UK’s economy annually.
• Annually, 23.3 million working days are missed in the UK due to issues like stress, burnout, and deteriorating mental health.
• One in five UK adults experience emotional turmoil.
• Over a quarter of UK adults lack a sense of positive mental well-being.
• Nearly half of the individuals in the UK face the possibility of burnout.
• Year on year, there’s a positive shift in the UK’s overall mental well-being.
• Over half of the UK workforce believes their employer offers commendable support for mental health.
• Employees with adequate support tend to be twice as content and 3.5 times more likely to thrive.
• Monetary worries lead to a £6.2bn loss for UK enterprises due to sick days and reduced efficiency.
• Almost 30% of individuals find it challenging to balance professional and personal lives, impacting their mental state.
• While managers tend to experience higher stress levels, they also exhibit more confidence and ease.
• Female workers in the UK exhibit lesser mental well-being compared to their male counterparts.
• Close to half of the individuals between 18-24 years grapple with a mental health issue, while only 22% of those above 55 do.
• While the negative perception surrounding mental health issues is fading, there remains a substantial need for support.
• More than half the populace acknowledges the reducing stigma linked to mental health challenges.

How Employers Can Help

• 85% of business owners document health-related absences among their workforce
• 63% assess how absenteeism affects their company’s operations
• In the 2021/22 period, 17 million workdays were forfeited due to stress, depression, or anxiety linked to the workplace
• Early identification and support for team members facing mental health challenges are crucial to avoid exacerbating the situation
• Promoting regular time off and consistent breaks for workers can bolster their mental wellbeing and deter potential drops in performance
• High absentee rates adversely influence both output and revenue
• Evaluating the results and effectiveness of a mental health initiative is vital for gauging its influence on performance
• A company culture that values mental health from the leadership down is indispensable
• It’s essential for supervisors to prioritize staff welfare and to be adept at addressing mental health topics
• 97% of those aged 18 to 34 have felt the effects of burnout
• One in four individuals between 18 to 34 finds it challenging to manage stress
• It’s vital for companies to foster an atmosphere where discussing mental health is welcomed, without any repercussions.

Employee Burnout Statistics

• Mental health has affected the career trajectories of 75% of employees.
• Companies need to focus on employee well-being to mitigate burnout.
• For 72% of full-time professionals, taking annual breaks is seen as a way to combat burnout.
• In the last year, just 60% of employees utilized all their holiday benefits.
• Nearly 18% of individuals under 25 didn’t take any holidays in the previous year.
• Merely 34% of staff felt their companies actively encouraged them to use up all their vacation days.
• Of the workforce, 13% couldn’t get a break due to intense work commitments, 9% experienced employer-driven pressure, and 8% faced financial constraints that prevented holidays.
• Half the employees admit that remote work makes it more likely for them to overlook their annual leave.
• 47% of the workforce feels they can’t completely unplug from their job while on vacation.
• 21% think it’s essential to stay updated with work dynamics, while 20% are concerned about tasks they’d leave pending.
• Knowing they are reachable by their office, 18% struggle to detach, and 16% face blurred boundaries between their personal and professional lives.
• Employees should strategize to handle colleagues’ duties during their absence.
• Appointing a reliable point of contact for emergencies can be helpful.
• Employees must understand that prolonged exhaustion can have severe implications.
• The topic of unlimited paid leaves has seen a 48% surge in staff discussions.
• 64% of the workforce feels more vacation days should be provided by companies.
• 55% think that limitless holiday time can have a beneficial effect on mental well-being.

Report Conclusion

The statistics presented highlight the widespread impact of stress and burnout in the UK.

With a significant percentage of adults experiencing stress on a monthly basis and a growing number of workers on the brink of burnout, it is clear that action needs to be taken to address this issue.

The economic costs, both in terms of lost workdays and financial expenditures, further emphasize the urgency of implementing effective strategies to support mental health and well-being in the workplace.

Through proactive measures and creating a supportive environment, employers can play a crucial role in alleviating stress and burnout among their employees, ultimately leading to improved productivity and overall well-being.

Sources:

1. https://www.neuroworx.io/magazine/uk-employee-stress-and-burnout-statistics/
2. https://startups.co.uk/news/staff-burnout-raises-uk-unemployment-rate/
3. https://www.personneltoday.com/hr/burnout-stress-and-mental-ill-health-running-rampant-in-uk/
4. https://employeebenefits.co.uk/employers-help-staff-avoid-burnout-while-managing-productivity/
5. https://www.peoplemanagement.co.uk/article/1792272/employee-burnout-record-levels-research-suggests

REPORT HIGHLIGHTS:

• In February 2023, plugin electric vehicles had a 22.9% share in the UK auto market, down from 25.6% in February 2022.
• The UK’s overall auto volume in February 2023 was 74,441 units, marking a 26% year-over-year growth.
• Chinese manufacturers have captured 8.2% of the European electric car market in 2023, selling 86,000 BEVs.
• Tesla Model Y was the best-selling vehicle overall in the UK in March 2023, with 8,123 units sold.
• More than 215,000 new plug-in cars were registered in the UK so far in 2023, representing over one-fifth of the market.
• Battery Electric Vehicles (BEVs) gained about 20% year-over-year, with 12,310 BEV units sold in February 2023.
• Inflation rates in the UK have surged to above 10%.

More statistics: UK Debt Statistics, UK Food Delivery Market Size, Food Box Market Size UK

UK Auto Market Evolution

• In February 2023, the market share of plugin electric vehicles in the UK stood at 22.9%.
• This marks a decrease from February 2022, when plugin electric vehicles had a 25.6% share of the auto market.
• The overall auto volume in February 2023 was 74,441 units.
• Year-over-year, this represents a growth of 26% in overall auto volume.
• However, this is still below the seasonal norm of approximately 81,000 units, which was typical before the year 2020.

Chinese Electric Cars in the UK and European Market

• China’s influence in the European electric car market has significantly increased, with its market share more than doubling in less than two years.
• The UK stands as the premier market for Chinese electric car brands in Europe, contributing to nearly one-third of their total European sales in 2023.
• Approximately 5% of all new cars sold in the UK from January to July 2023 were manufactured by Chinese brands.
• Chinese automakers nearly matched their entire 2022 electric car sales in Europe within the first seven months of 2023.
• Chinese cars have expanded their footprint in the overall European auto market, growing from a 0.1% share in 2019 to 2.8% in the first seven months of 2023.
• In terms of battery-electric vehicles (BEVs), the market share escalated from 0.5% in 2019 to 3.9% in 2021.
• So far in 2023, Chinese manufacturers have captured 8.2% of the European electric car market, selling 86,000 BEVs.
• The MG4 EV ranks as the second most popular electric car in the UK for the period covering January to July 2023, trailing only behind Tesla’s Model Y SUV.

EV Adoption Trends in the UK

• Tesla set a new record for Model Y deliveries in the UK last month, contributing to an all-time high in the country’s electric vehicle market share.
• Orders for the Tesla Model Y opened late in 2021 in the UK, and deliveries started in February 2022.
• By March, the Tesla Model Y had already claimed the title of the best-selling electric vehicle in the UK.
• Leading the surge in electric vehicle sales, the Model Y has been a key driver in the 18% year-over-year increase in battery-electric vehicle sales.
• In March, the Tesla Model Y was not just the best-selling electric vehicle but also the best-selling vehicle overall in the UK, with 8,123 units sold.
• When it comes to the best-selling vehicles in the UK for the year 2023 so far, the Tesla Model Y ranks fourth with 5,888 units sold.
• The top ten list of best-selling vehicles in the UK in March also includes popular models like the Nissan Juke, Nissan Qashqai, and Kia Sportage, among others.
• For the year 2023 to date, other leading vehicles include the Nissan Qashqai, Nissan Juke, and Vauxhall Corsa.
• As of the latest data, battery-electric vehicles now make up an 18% share of the overall auto market in the UK.

UK’s Electric Vehicle Market

• UK car registrations rose by nearly 26% in June 2023, totaling 177,266.
• Total new registrations reached 949,720 in the first half of 2023.
• This marks an 18% increase year-over-year.
• The plug-in segment had its best June ever.
• SMMT reported 44,470 new plug-in cars were registered last month.
• This is a 46% increase from the previous year.
• Plug-ins made up 25.1% of total car sales.
• Last year, this share was 21.6%.
• All-electric and plug-in hybrid sales both saw significant growth compared to 2022.
• More than 215,000 new plug-in cars were registered so far this year.
• This is a 29% increase from last year.
• Plug-ins now account for over one-fifth of the market.
• Tesla Model Y was the best-selling model in June 2023 with over 5,500 units sold.

Plugin Vehicle Types Statistics

• In February 2023, full battery electric vehicles (BEVs) accounted for 16.5% of the UK’s auto market.
• Plugin hybrids (PHEVs) made up a smaller share, coming in at 6.3% in the same month.
• Comparatively, in February 2022, BEVs had a larger share at 17.7%.
• PHEVs also had a higher market share a year ago, standing at 7.9% in February 2022.

Petrol-Powertrain Volumes Trends

• Year-over-year, petrol-powertrain volumes increased from 23,952 units to 32,331 units.

Battery Electric Vehicles Trends

• The volume of Battery Electric Vehicles (BEVs) gained roughly 20% year-over-year.
• In February 2023, a total of 12,310 BEV units were sold.
• Tesla Model Y was the best selling full electric vehicle for the month, with 1,482 units sold.
• The Tesla Model Y alone accounted for 12% of the BEV market in February 2023.
• Two-thirds of Tesla’s total BEV market share came from Tesla Model Y sales.

Brand Rankings in the Electric Vehicle Market

• Volkswagen climbed in brand rankings, moving from 4th place to 2nd.
• Audi also saw a rise, ascending from 7th to 4th position.
• Polestar made significant strides, jumping from 9th to 6th place.
• Renault made an impressive leap from 17th to 7th in the rankings.
• Conversely, MG fell from 3rd to 5th place.
• Mercedes also saw a decline, dropping from 5th to 10th.
• Hyundai experienced a slide as well, falling from 8th to 11th place.
• Since the summer of 2022, Polestar has steadily climbed in the rankings.
• Renault Nissan made a significant leap, climbing from 8th to 4th place in the manufacturing group rankings over the three months leading up to November.
• Stellantis, on the other hand, experienced a decline, falling from 5th to 8th place in the same period.

Market Movements and Trends

• The UK economy has been hovering around 0% growth over the past two quarters.
• Inflation rates in the UK have surged to above 10%.

Influences and Impacts

• The overall auto market experienced a year-over-year growth of 26%, primarily attributed to easing supply chain shortages.

UK Debt Statistics Report:

• Outstanding mortgage lending stood at £1,584.8 billion at the end of April 2022, an increase of £62.3 billion from a year earlier.
• The average UK house price in May 2022 was £289,099, rising by 3.2% in the three months to May 2022 and by 10.5% in the year to May 2022.
• The average house price for first-time buyers in Great Britain was £234,468 in April 2022, an annual increase of 11.8% and a monthly change of 1.1%.
• Private rental prices in the UK rose by 2.8% in the 12 months to May 2022, with the median rent in England being £795 and £1,450 in London.
• In 2020-2021, 34.7% of households owned their home outright, 30.1% had a mortgage, 18.5% rented privately, and 16.6% paid a social rent.
• At the end of Q1 2022, there were 152,929 mortgage loan accounts with arrears of more than 1.5% of the current loan balance, a 10.4% decrease from Q1 2021.
• UK Finance estimated that 580 homeowner properties were taken into possession in the UK in Q1 2022, up from 200 in Q1 2021, approaching pre-pandemic levels.

Daily Debt Statistics

• The UK population increased by approximately 777 individuals daily from 2019 to 2020.
• Average daily household expenditure on utilities (water, electricity, and gas) in the UK amounts to £4.15.
• From March to May 2022, 342 people were declared insolvent or bankrupt daily in England and Wales, equating to one person every 4 minutes and 13 seconds.
• In April 2022, Northern Ireland experienced 4.6 insolvencies daily, while Scotland saw 21.0 insolvencies daily in the three months leading up to March 2022.
• England and Wales’ Citizens Advice Bureaux handled 2,030 debt-related issues daily in the year ending May 2022.
• Between January and March 2022, 6.4 UK properties were repossessed daily, or one every 3 hours and 43 minutes.
• Daily decrease of UK mortgages with over 2.5% arrears in the remaining balance was 22.8 in the year ending March 2022.
• The number of unemployed individuals in the UK decreased by 973 daily in the twelve months leading up to April 2022.
• 629 people reported redundancy daily from February to April 2022.
• Net lending to UK individuals and housing associations increased by £190.3 million daily in April 2022.
• UK government debt rose by £554 million daily in the three months up to May 2022.
• Borrowers paid £126 million in interest daily in April 2022.
• The average daily cost of raising a child for a couple in the UK is £24.44, from birth until 18 years of age.
• Lone parents in the UK spend an average of £29.50 per day on raising a child.
• Daily mortgage possession claims and orders in England and Wales from January to March 2022 were 32.1 and 25.5, respectively.
• During the same period, 211 landlord possession claims and 144.2 landlord possession orders were made daily.

Current Cost of Living Crisis in the UK

• 8 out of 10 workers who worked from home during the pandemic plan to continue hybrid working after restrictions lifted, with the proportion of hybrid workers increasing from 13% in February 2022 to 24% in May 2022, while exclusive remote workers decreased from 22% to 14% (ONS).
• Families with two children face an estimated 13% annual increase in costs, outpacing the official inflation rate of 9.1%, leading to approximately £400 more in monthly expenses for essentials like food, rent, and heating (Joseph Rowntree Foundation, Loughborough University).
• 63% of ethnic minority individuals experienced a negative impact on their cost of living due to the pandemic, compared to 59% of all UK adults (LifeSearch Health, Wealth and Happiness Index).
• 46% of people receiving assistance from Citizen’s Advice have a negative budget, meaning their essential spending surpasses their income (Citizen’s Advice).
• 74% of adults reported their mental health being negatively affected in the past two years, with 28% attributing it to the rising cost of living, followed by 27% citing Covid restrictions (LifeSearch Health, Wealth and Happiness Index).

Personal Debt in the UK

• As of April 2022, total personal debt in the UK reached £1,786.6 billion, with £1,584.8 billion in secured mortgage debt and £201.9 billion in unsecured consumer debt, including £60.9 billion in credit card debt.
• UK personal debt increased by £67.1 billion from April 2021 to April 2022, resulting in an additional £1,269.14 per adult.
• Average total debt per household (including mortgages) stood at £64,286, and per adult at £33,780, or 105.3% of average earnings, as of April 2022.
• Over a 12-month period, the UK’s total interest payments on personal debt amounted to £46,133 million, averaging £126 million per day.
• Office for Budget Responsibility’s March 2022 forecast predicts household debt to rise from £2,019 billion in 2020 to £2,447 billion in 2025, making the average total household debt £85,906.
• Consumer credit debt reached £201.9 billion by April 2022, with outstanding credit card debt at £60.9 billion.
• Total net lending to individuals and housing associations increased by £5.7 billion in April 2022, with net mortgage lending rising by £4.6 billion and net consumer credit lending increasing by £593 million.
• In Q1 2022, lenders wrote off £773 million, including £270 million in credit card debt.
• Citizens Advice Bureaux in England and Wales dealt with 2,030 debt issues daily in the year to May 2022.
• In Scotland, Citizens Advice Scotland gave 79,122 pieces of advice in April 2022, with debt advice comprising 10% of the total.
• In Northern Ireland, Advice NI’s Debt Action service handled 357 cases involving debt issues in May 2022, covering £1.6 million of debt.
• StepChange Debt Charity assisted 12,500 new clients in April 2022, with 64% having credit card debt, 46% with personal loan debt, 33% with overdrafts, and 35% with catalogue debt.
• 31,435 individual insolvencies occurred in England and Wales from March to May 2022, equivalent to 342 people per day or one person every 4 minutes and 13 seconds.
• In Northern Ireland, there were 144 individual insolvencies in May 2022, or 4.6 per day.
• In Scotland, there were 1,894 personal insolvencies from January to March 2022, or 21.0 per day.
• 2,494 Consumer County Court Judgements (CCJs) were issued daily in England and Wales from January to March 2022, while in Northern Ireland, there were 10 consumer debt judgements per day, and in Scotland, 43 consumer debt decrees were registered daily.

Mortgages, Rent, and Housing

• Mortgage debt in the UK increased to £1,584.8 billion at the end of April 2022, up £62.3 billion from a year earlier.
• The average outstanding mortgage for households with mortgage debt was £144,332 in April 2022.
• Average mortgage interest rates were 2.05% at the end of April 2022, with new loans having an average interest rate of 1.83%.
• Gross mortgage lending in Q1 2022 was £76.9 billion, 7.5% lower than the same quarter in the previous year.
• House prices in the UK increased by 11.2% in May 2022, with the average price reaching £289,099.
• First-time buyer average house price was £234,468 in April 2022, with a typical deposit of 23% of the purchase cost or £53,928.
• Private rental prices in the UK increased by 2.8% in the 12 months to May 2022, with the median rent in England at £795.
• The percentage of outright homeowners was 34.7%, while 30.1% were mortgagors, 18.5% rented privately, and 16.6% paid social rent.
• Mortgage loan accounts with arrears of more than 1.5% of the current loan balance were 152,929 at the end of Q1 2022, down 10.4% from Q1 2021.
• There were 580 homeowner property possessions in Q1 2022, up from 200 in Q1 2021, approaching pre-pandemic levels.

Arrears and Repossessions in the UK

• At the end of Q1 2022, there were 152,929 mortgage loan accounts with arrears of more than 1.5% of the current loan balance, representing a 1.1% decrease from the previous quarter and a 10.4% decrease from Q1 2021.
• In Q1 2022, 49.3% of payments due for loans in arrears were received.
• UK Finance reported that 75,670 (0.85%) of homeowner mortgages had arrears equivalent to at least 2.5% of the outstanding mortgage balance in Q1 2022, marking a 5.0% decrease from the previous quarter.
• Over the last year, mortgages in arrears have decreased by an average of 22.8 per day.
• UK Finance estimated that 580 homeowner properties were taken into possession in Q1 2022, up from 200 in Q1 2021, which equates to 6.4 properties per day or one property every three hours and forty-three minutes.
• In England and Wales, between January and March 2022, an average of 32.1 mortgage possession claims were issued, and 25.5 mortgage possession orders were made daily.
• During the same period, 211 landlord possession claims were issued, and 144.2 landlord possession orders were made daily.
• Compared to Q4 2019, mortgage possession claims fell by 54%, orders by 48%, landlord possession claims by 25%, and landlord possession orders by 37%. This decrease was due to the forbearance action by the Government and the FCA in response to the Covid-19 pandemic.
• Possession claims and orders increased in Q2 and Q3 2021 from the low levels observed in mid-2020.

Sources:

• https://themoneycharity.org.uk/media/June-2022-Money-Statistics.pdf
• https://debtjustice.org.uk/wp-content/uploads/2019/07/Credit-card-briefing_07.19.pdf
• https://www.fca.org.uk/publication/feedback/fs17-02-technical-annex.pdf
• https://moneyandpensionsservice.org.uk/wp-content/uploads/2021/05/credit-counts-and-covid19.pdf
• https://www.centreforcities.org/wp-content/uploads/2020/04/Household-debt-and-problem-debt-in-British-cities-1.pdf