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The Autumn Statement – November 2023

Autumn Budget

Today, the Chancellor of the Exchequer has set out his autumn statement, which includes several significant announcements relating to employment and business: There will be an increase to the statutory minimum wage rates from April 2024: a.  The national living wage (NLW – the rate for workers aged 21 and above) is to increase by […]

Spring Budget 2023 – What does it mean for you as an employer?

2023 spring budget

Today, the Chancellor of the Exchequer has set out his Spring budget, and it addresses the key areas we expected. Crucially, the Chancellor reported that the Office for Budget Responsibility (OBR) has said that the UK will now not enter a technical recession this year. In this article, we break down today’s announcement and share […]

Payroll Planning for 2023

The new year often brings change in legislation and tax rates. Keeping on track with your Payroll by staying up to date with these future changes is a great way to ensure that you are running the financial aspects of your business correctly. HMRC has highlighted a number of areas that are going to see […]

What does the Autumn Budget mean for Employers?

We now have further clarity on the Government’s fiscal policy going into 2023 which will now enable businesses to finalise their 2023/24 budgets. The Chancellor of the Exchequer set out in the Autumn budget the following changes regarding business and managing people: The National Living Wage, which is in place for all workers over 23 […]

Are you budgeting for the upcoming changes?

Statutory rate increases In early January, the Department for Work and Pensions proposed what the new rates of pay will be for the annual increase in April. These are expected to be as follows: The rates of Statutory Maternity Pay, Statutory Paternity Pay, Statutory Adoption Pay, Statutory Shared Parental Pay and Statutory Parental Bereavement Pay […]

Budget 2016 and Your Business

Salary Sacrifice | HR Solutions

As the Government’s austerity measures come under increasing scrutiny we take a look at what last week’s Budget means for you. Beyond the noise thrown up by the ‘Sugar Tax’ and Iain Duncan Smith’s resignation, there is still the matter of the actual Budget itself. Chancellor George Osborne announced plans to cut the main rate […]

The Living Wage Budget

Living Wage | HR Solutions

This week Chancellor George Osborne unveiled the first completely Conservative budget since 1996, which he used to propose drastic rises to the minimum wage.   The new national living wage budget initiative, originally proposed by the Labour Party in the run up to the election, will see the minimum wage increase to £7.20 in April 2016 for over-25s. […]

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