Supermarkets could increase prices to pay for living wage
"The Government’s new national living wage is likely to result in higher prices for shoppers, Moody’s has warned.
The minimum wage for over-25s is to rise from £6.50 per hour at present to £7.20 in 2017 and £9 by 2020 under proposals announced by George Osborne in the Budget.
This increase in basic pay is “credit negative” for retailers, restaurants, hotels and leisure companies because of the cost of increasing pay for the hundreds of thousands of workers they employ, according to an analysis by credit rating agency Moody’s. "
Source: Supermarkets could increase prices to pay for living wage - Telegraph
AtW's comment - oh don't be so moody, it's perfect plan - staff get more money, tax credits get cut (so staff gets less money), supermarkets can increase their margins and blame Govt, deflation is no longer a threat, so house prices can continue to grow unabated, BOOMED!
It's like this fellas - buy property and the Govt (any) will take care of you. Everybody else will be shafted (excluding pensioners of course).
"The Government’s new national living wage is likely to result in higher prices for shoppers, Moody’s has warned.
The minimum wage for over-25s is to rise from £6.50 per hour at present to £7.20 in 2017 and £9 by 2020 under proposals announced by George Osborne in the Budget.
This increase in basic pay is “credit negative” for retailers, restaurants, hotels and leisure companies because of the cost of increasing pay for the hundreds of thousands of workers they employ, according to an analysis by credit rating agency Moody’s. "
Source: Supermarkets could increase prices to pay for living wage - Telegraph
AtW's comment - oh don't be so moody, it's perfect plan - staff get more money, tax credits get cut (so staff gets less money), supermarkets can increase their margins and blame Govt, deflation is no longer a threat, so house prices can continue to grow unabated, BOOMED!
It's like this fellas - buy property and the Govt (any) will take care of you. Everybody else will be shafted (excluding pensioners of course).
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