RE: So, not disatrous but not the move i thought it'd make today.9 Sep 2023 10:12
A gross over-reaction.
CVSG are in 4 countries for starters - this is only relevant to UK.
They'll find out that costs have gone up because of the bleeding obvious - increased number of pets due to Covid (yes, Covid pets are a thing - OH is seeing them, in many cases dogs that WILL prove very expensive over the years, pugs, boxers etc) and Brexit (a large proportion of vets working in the Uk were EU nationals - quite a lot went home)
It's basic supply (down) and demand (up). If OH had not moved to a better paying practice she'd be on £55k - with almost 30 years experience. She works 4 x 10 hour days - often longer, unpaid, plus some weekend work. She'd be paid double as a GP.
She moved jobs, and is paid £10k+ more. Still not great for her qualifications and experience. She sees job adverts - salaries are increasing, but still at only around inflation if lucky
Oh - and meds have increased significantly in price - not much vets can do about that
All CMA will find is that competition is rather opaque in places - prices will not be affected. The underlying fundamentals for these companies will not be affected. They had widespread BUY recommendations before this - a bargain now