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Impacts of current funding, policy and economic environment on independent pharmacy in England

 

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Impacts of current funding, policy and economic environment on independent pharmacy in England

According to this report, nearly three-quarters of family-owned pharmacies in England could be forced to shut their doors over the next four years.

The study found that pharmacies are under-funded to the tune of £497 million – with 72 per cent forecast to be loss-making within four years if the current contractual arrangements carry on unchanged. The report estimates that the average pharmacy will be making an annual loss of £43,000 by 2024.