The data, compiled by iwoca, one of Europe’s largest SME lenders, finds that 44% of companies plan to host a Christmas party for staff this year, down from 63% who said they did in previous years.

Business owners who aren’t hosting a get-together for staff say it could be down to either a lack of Christmas cheer or rising costs. Nearly a third (30%) of company leaders say they never have social occasions at work, while a quarter (23%) claim staff just don’t want a Christmas party.

When…