High costs hit mental health of company heads

Around two-thirds of business leaders said that the economic outlook and rising costs had negatively affected their mental health

Financial stress, long hours and a lack of support are just some of the factors negatively impacting the mental health and well-being of accountants across the UK, warned Grant Thornton UK LLP.

The firm’s bi-monthly outlook tracker research, which polled mid-market business leaders, found that almost two-thirds (61%) cited high costs and uncertainty as the main reasons for their anxiety.

The data comes ahead of Mental Health Awareness Week, organised by the Mental Health Foundation, which focuses on people’s awareness and understanding of anxiety within the workplace.

Grant Thornton also found that hybrid, flexible working helped people manage their stress levels in a high pressure environment.

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