Inflation busting price rise

(8 Posts)
fliptipfred Wed 26-Feb-14 20:43:35

I got home today to find an evasive letter from my son's nursery. The just of it is that 2014's price rise will be 4.2%.

I shan't name and shame them but they are down there on a similar level to the energy and train companies.

TheScience Wed 26-Feb-14 20:46:34

Is minimum wage about to increase? If they pay all their staff at minimum wage then possibly their staffing costs are going to rise sharply.

HSMMaCM Thu 27-Feb-14 08:51:37

Their 3 yr old funding has probably been cut, so they have to make up the money somewhere else?

TiggyCBE Fri 28-Feb-14 08:48:30

I saw an advert for a nursery job the other day. Level 2 qualification minimum. £13,000 per year. If the 4.2% goes on to staff wage increases they will be getting £13,546 per year. A massive overpayment for the people who will be looking after the most precious thing in your life.

NickNacks Fri 28-Feb-14 08:57:41

I put up my cm prices last year by 5% from £40 to £42. I include everything except nappies and make £21 profit per child per day. So shoot me.

Chasdingle Fri 28-Feb-14 16:11:08

minimum wage is recommended to go up by more than inflation this year at 3% see here www.bbc.co.uk/news/business-26355725

Chasdingle Fri 28-Feb-14 16:17:33

Also auto enrollment for pensions is now coming in so they will have to start paying pension for all employees which will increase their costs further.

GarthsUncle Fri 07-Mar-14 01:07:30

Can you find a cheaper alternative locally?

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