[debbiesmith]

So folks what does everyone think about this?
Not whether it is right or wrong as I agree with paying staff the best wages possible - but rising to £9.00 per hour within five years.
Means our prices will have to rise significantly??

[Michelle H]

Yes i am thinking the same. I pay above MW and when the MW goes up, I will of course increase my pay to match it. The issue is now that with this living wage in April and a steady rise of 45p each year to hit £9.00.  I have no option but to pass on this cost to my clients.
The problem I now have to think of is :

Option A
Increase my prices each year to match

Option B
Increase prices in blocks of say two years. So price increase, nothing for two years then another etc.

How are others thinking of combating this ?

[Smurf]

It seems quite simple really as if they don't get a far wage they will bugger off or even start up on their own regardless of what the minimum wage is at the time.