Small firms will suffer
Posted on 19 Jul 2017
FSB warns small firms will suffer
SMEs will be hit by increases to the minimum wage, entrepreneurs and business leaders have warned say Harris & Co chartered accountants Northampton. The new living wage of £7.20 for people aged 25 and over is to be introduced in April 2016, rising to £9 by 2020. The FSB, which represents around 200,000 firms across the UK, said the changes would pose “significant challenges” for small firms, particularly in the hospitality, retail and social care sectors.
