Theft epidemic hits one in seven UK firms

2003

One in seven firms in the UK have suffered from staff theft, according to a report by insurance company Eagle Star.

Light-fingered staff are estimated to have cost small businesses more than £112 million in the past three years, helping themselves to everything from petty cash to office equipment.

The amount averages £1,000 a year per firm, affecting the bottom line but also making bosses distrust their employees.

Worst hit are plumbers - one in six have seen equipment or money disappear - followed by convenience stores and newsagents.

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