Put your prices up by 15% - before everyone else does

• Employer's National Insurance up;

• New minimum wage set at 6.70% increase;

• A large Employer interviewed on Radio 4 yesterday morning said that they didn't want to sack people - and so would "have to pass the cost on to the consumer".

  
  

  So here's a quick quiz question.......

  
  

• If you pay the new N.I. (well you have no choice about that);

• And everyone in your team knocks on your door and asks for a minimum 6.70% pay rise..

How does that affect your wages KPI?

Rough guide - it could add about 2.50% of turnover to your payroll costs.

How much will you need to increase your prices to pay for the increased costs of employment, as well as operating costs and clinicians?

Rough guide - you will need to increase your prices by around 15%.