Living with the living wage: Can the care sector survive George Osborne's wage commitment?
18 November 2015
George Osborne succeeded in dropping a bombshell on the care sector in the first Conservative Budget for 18 years with the announcement he will introduce the 'national living wage'.
From April 2016, the care sector is expected to pay staff aged 25 and over £7.20 an hour, going up to £9 an hour by 2020. It’s great news for carers, and long overdue, but given that providers are struggling to make good care and paltry local authority fees add up as it stands, the chancellor’s proposition could well prove disastrous
HealthInvestor and Charles Russell Speechlys recently brought together leading social care providers, investors and financiers for a roundtable discussion to consider how the sector can survive the introduction of living wage.