Minimum wage will hurt many homes

Posted on February 1st, by editor in Caring Times. No Comments

The National Minumum Wage, to be implemented in April, is likely to impact severely on residential care homes in the north of England, East Midlands and Wales. Business consultants GVA Grimley and Co say homes in these regions, where wage rates are relatively low, will be the worst hit by the new rates. GVA Grimley’s senior healthcare surveyor Julian Ball said: “For any semi-performing loan, it is likely the National Minimum Wage will be one burden too many.” Many home howners already feel themselves under seige with poor occupancy, reduced fees in real terms and the threat of new minimum standards in room sizes.

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