Another minimum wage increase?

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We ask what effect this will have on small businesses, as their costs in other areas will not be reduced to compensate for this extra cost.

Author: Dennis Chapman
Published:
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This article is 8 years old.

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With the Government announcing that they feel that minimum wage should rise to over £7.00 per hour from 2015, we ask what effect this will have on small businesses, as their costs in other areas will not be reduced to compensate for this extra cost.

We will keep you up to date with developments here, but we urge business to start considering this as a possibility from next year. This alongside the pensions auto enrolment starting to hit smaller businesses from 2015 onwards, the future could be looking expensive!

Dennis Chapman

In remembrance of Dennis Chapman 1951 -2015

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