SGF Survey: Impact of increasing employment costs on business

SGF survey: Business impact of increasing employment costs: National Living Wage and National Minimum Wage impact of increases – Week 2

From the 1st April 2025, the National Living Wage will rise to £12.21 for those over the age of 21. This marks a 6.7% increase on last year. This increase will present the retail sector supply chain and in particular convenience stores with significant financial challenges.

SFG are encouraging members to complete a short survey to assess the impact of the increase on our members. The findings will help inform our annual ‘True Cost of Employment 2025’ report and feed into our response to the Low Pay Commission consultation this summer.  

Please complete the survey here: 4min survey

The NLW and NMW rates from 1st April are set out in the table below:

You can read more on this on the UK Government website here.

SGF recognise that these increases to the NLW and NMW will have real implications for convenience retailers who are trying run viable, sustainable businesses during these challenging times and will continue raise these concerns with government, politicians and the Low Pay Commission.

The survey will run for four weeks through February and March. We will keep members up to date with the findings in the coming weeks.