SMEs must account for wage rise, says KPMG
28 August 2012
The national minimum wage rises at the start of October and KPMG has warned small businesses to forecast for the increase in costs.
On 1 October 2003, the UK’s minimum wage will increase by 30 pence to £4.50 an hour. This increase in operating costs for companies could seriously hit the service sector and smaller companies are being warning to plan for the changes.
Mel Egglenton, Head of Middle Markets at KPMG, said: "Companies need to be factoring the increase into their financial...