The proposed increase in the national living wage (NLW) is expected to impose an implementation cost of £150 million to £195 million on the community
pharmacy sector, Community Pharmacy England (CPE) has warned. Chancellor Jeremy Hunt recently announced a 9.8 per cent increase in the national living wage,
raising it from £10.42 to £11.44.
"The Autumn Statement overlooks the knock-on effects these measures will have on small businesses like community pharmacies," CPE Chief Executive Janet Morrison
said in a statement. "The majority of pharmacies employ staff on or around the NLW, which has increased nearly 40 per cent since the start of the current contractual
framework."
"This is at a time when pharmacies have faced a 30 per cent real terms reduction in funding since 2015," Morrison added. "No viable business can absorb these cost
increases without significant support. This is just another cost pressure that pharmacies cannot control and must be addressed through a sustainable, long-term
funding arrangement."