TSA Warns Members Of April 2025 Forecast - Laundry Cost Index
Following the recent budget announcements, and the already published minimum wage increase we have forecast in the existing Laundry Cost Index (LCI) model what the impact will be in April 2025 when these changes are implemented.
The most significant concern for our industry is that we will see wages rise by almost 10% which is a combination of the impact of the National Insurance changes made at the recent budget which we anticipate will have an impact of 2.69% plus the published National Living wage at 6.7% giving a total of 9.39%. With general inflation and uncertainty around energy costs, we conservatively estimate the overall impact to be 5.64%. The industry needs to be planning for this significant uplift in cost which is why for only the second time in the history of the LCI (25 years) we have published a forecast.
If you have any queries or would like any further information, please do not hesitate to get in touch with us.
T: +44 (0)20 3151 5600
E: tsa@tsa-uk.org