Firms supporting 880,000 older and disabled people have warned that the costs of introducing a “national living wage” could trigger “catastrophic failure” in the homecare market.
Without increased funding to meet the increased staff costs of the national living wage (NLW), businesses caring for people in their own homes could go bust, the UK HomeCare Association (UKHCA) warns in a letter to the chancellor George Osborne.
You mean that someone, somewhere, has to cough up the money to pay the higher wage?
There isn’t a magic money tree?
My word, that is a shock.