Living Wage costs 'put strain on care homes'

Living Wage costs 'put strain on care homes'
 

The introduction of the National Living Wage has increased the financial pressure for care homes, particularly for smaller homes, a report says.
Accountancy firm Moore Stephens says 12% of care homes have at least a 30% chance of going insolvent within the next three years.
It says care homes have been under extra financial strain in recent years.
Rising costs and reduced funding from local authorities have come as demand for places at care homes has grown.
Moore Stephens also points out that a report by the Care Quality Commission (CQC) in October showed 2,444 residential care homes closed... read more

 
14 November 2016 in Business, Views: 45
Source: BBC
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