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Daily Insurance Industry News
Tuesday 16th of October 2018
February 16, 2012

RSA reveals £9.8bn cost of yob culture

by Richard Kilner

Story link: RSA reveals £9.8bn cost of yob culture

RSA reveals £9.8bn cost of yob culture

Commercial insurer RSA has published new research that reveals that yob culture cost British businesses £9.8bn in 2011.

Even more worryingly, the projected cost of yob culture for UK firms in 2012 is a third again higher than the 2011 figure.

The average cost of yobbish behaviour, which afflicted one in five British businesses last year, was a hefty £20,000, with large businesses more likely to be targeted than smaller ones.

In London and Scotland a third of businesses have considered relocating to evade yobbish behaviour, and the Construction and Transport sectors were worst affected in 2011.

Yobbish behaviour such as graffiti, vandalism, theft and intimidation are sadly commonplace, with broken doors/windows and petty theft the most frequently committed acts of crime.

RSA’s Commercial MD Jon Hancock said that the research showed that yob culture was having a tangible and negative impact upon British businesses.

 

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