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|Aldermore comments on Federation of Small Businesses' research on National Living Wage|
|Friday, 02 September 2016|
Commenting on today’s Federation of Small Businesses’ research on the National Living Wage Carl D’Ammassa, Group Managing Director at Aldermore Business Finance, said: “While it’s positive that many UK workers are benefiting from a pay rise, the erosion of businesses’ profits caused by the National Living Wage is likely to leave some companies less able to invest in growing their business, which could in turn hinder the growth of the wider UK economy.
“Aldermore research shows that more than eight out of every ten UK SMEs intend to grow and are making firm plans to achieve these growth aspirations, but increasing costs could cause some to struggle to do so with the capital they have available. It is therefore crucial that SMEs consider alternative means to finance their expansion so that they can achieve future success.”
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