Articles and information in relation to UK Payroll for business, employers and employees.
The Government… table amendments to the Employment Rights Bill. The Government have laid amendments to the Employment Rights Bill following weeks of consultation with business groups and unions. The Bill claims to support the Government’s mission to increase productivity and create the right conditions for long-term sustainable, inclusive, and secure economic growth, delivering on the … Continue reading Employment Rights Bill latest
taking immediate action to fix the foundations of our economy Delivered Monday 8th July 2024 at HM Treasurd. Good morning. Last week, the British people voted for change. And over the last 72 hours I have begun the work necessary to deliver on that mandate. Our manifesto was clear: Sustained economic growth is the only … Continue reading Chancellor Rachel Reeves first speech
Hundreds of prisoners are being encouraged to take jobs in the retail and logistics sector on release to plug skills gaps in entry level roles, helping reduce reoffending while supporting businesses. the Co-op, Iceland and B&Q join 2 week-long prisoner employment push hundreds of offenders get training from firms to help plug skills gap figures … Continue reading Drive to fill vacancies with prison leavers
In his speech Friday 27th January 2023, Chancellor Jeremy Hunt set out his vision for long-term prosperity in the UK. Good Morning Thank you for that welcome, thank you all for joining us at Bloomberg. From the way we communicate and collaborate, to the way we buy and sell goods and services, digital technology has … Continue reading Chancellor Jeremy Hunt’s speech at Bloomberg
Prime Minister Rishi Sunak's plan to build an innovative economy delivering more jobs and higher pay. In the short time I have been Prime Minister, we have made progress: We’ve protected the most vulnerable and lowest paid with cost-of-living support worth £26 billion. Stabilised the economy and people’s mortgage rates. A better future is one … Continue reading Plan to build an innovative economy
From today , 6 November 2022, the 1.25% point cut to National Insurance rates for employees and employers takes effect across the UK. The reversal of April’s rise in National Insurance takes effect across the UK from today Added to July’s increase in National Insurance thresholds, almost 30 million people will be £500 better off … Continue reading Reversal of National Insurance Increase takes effect
The Prime Minister Rishi Sunak and the Chancellor Jeremy Hunt have agreed that the Autumn Statement will now be delivered on 17th November 2022 along with the Office for Budget Responsibility (OBR) forecast. It is to include the United Kingdom’s medium term fiscal plan to put public spending on a sustainable footing, get debt falling … Continue reading Autumn Statement 17th November 2022
The King received The Rt Hon Rishi Sunak MP at Buckingham Palace Tuesday 25th October 2022. His Majesty asked him to form a new Administration. Mr. Sunak accepted His Majesty's offer and was appointed Prime Minister and First Lord of the Treasury. Good morning, I have just been to Buckingham Palace and accepted His Majesty … Continue reading Rishi Sunak appointed as Prime Minister.
At 1.30pm Thursday 20th October 2022, the prime minister announced her resignation. 2022 will be the year of three prime ministers. A new leadership election will take place shortly I came into office at a time of great economic and international instability. Families and businesses were worried about how to pay their bills. Putin’s illegal … Continue reading Prime-minister Liz Truss resigns
Speech to the House of Commons as delivered by Chancellor Jeremy Hunt. Mr Speaker, The central responsibility of any government is to do what is necessary for economic stability. Behind the decisions we take and the issues on which we vote are jobs families depend on, mortgages that have to be paid, savings for pensioners, … Continue reading Chancellor Statement – 17th October 2022
The Chancellor of The Exchequer Jeremy Hunt has, Monday 17th October 2022, brought forward a number of measures from 31st October 2022 Medium-Term Fiscal Plan. Changes designed to ensure the UK’s economic stability and provide confidence in the government’s commitment to fiscal discipline Basic rate of income tax to remain at 20% until economic conditions … Continue reading Chancellor brings forward further Medium-Term Fiscal Plan measures
Prime Minister Liz Truss's opening remarks: Good afternoon, My conviction that this country needs to go for growth is rooted in my personal experience. I know what it’s like to grow up somewhere that isn’t feeling the benefits of growth. I saw what that meant and I am not prepared to accept that for our … Continue reading PM press conference: 14th October 2022
King Charles III has been pleased to approve the following appointments: Rt Hon Jeremy Hunt MP as Chancellor of the Exchequer Rt Hon Edward Argar MP as Chief Secretary to the Treasury Chancellor of the Exchequer - The Rt Hon Jeremy Hunt MP Appointed Chancellor of the Exchequer on Friday 14th October 2022 after Kwasi … Continue reading New Chancellor and Secretary to the Treasury appointed
Friday 14th October 2022 saw one of the shortest service Chancellor of the Exchequer as Kwasi Kwarteng stands aside at the request of the prime minister Liz Truss. Following the Growth Plan 2022 announcements in cuts to both income tax and Corporation tax, the value of government gilts has been under significant market pressure along … Continue reading Chancellor accepts request to stand aside
The Chancellor has commissioned the OBR’s forecast for 31st October 2022, and will publish the Medium-Term Fiscal Plan on the same date. The Chancellor's letter notifies the Treasury Select Committee that the OBR’s forecast has been commissioned for 31st October 2022, and will be accompanied by the Chancellor’s Medium-Term Fiscal Plan. The Chancellor confirms that … Continue reading Medium-Term Fiscal Plan (Budget)
The Chancellor confirmed an update to plans for the Additional Rate tax on the morning of 3rd October 2022. “From supporting British business to lowering the tax burden for the lowest paid, our Growth Plan sets out a new approach to build a more prosperous economy. However, it is clear that the abolition of the … Continue reading Additional Rate tax update
An update on next steps following the Growth Plan which the Chancellor set out on 23 September. Friday 23rd September 2023, the Chancellor of the Exchequer, the Rt Hon Kwasi Kwarteng MP, set out how the government would fulfil its commitment to cut taxes for people and businesses and announced wider supply side policies to … Continue reading Growth Plan implementation update
The Growth Plan 2022 speech as delivered by Chancellor Kwasi Kwarteng. Mr Speaker, Let me start directly with the issue most worrying the British people – the cost of energy. People will have seen the horrors of Putin’s illegal invasion of Ukraine. They will have heard reports that their already-expensive energy bills could reach as … Continue reading The Growth Plan 2022 speech
As part of the Chancellors Growth Plan 2022 speech: Mr Speaker, we can also simplify the IR35 rules – and we will. In practice, reforms to off-payroll working have added unnecessary complexity and cost for many businesses. So, as promised by My RHF the Prime Minister, we will repeal the 2017 and 2021 reforms. Of … Continue reading IR35 Off payroll working rules repealed from 6th April 2023 – cancelled
Growth Plan – a package of measures to deliver a pro-growth, simplified tax system that supports business investment across the United Kingdom, and allows people to keep more of their own money. One is changes to the Company Share Option plan (CSOP) scheme – increasing the employee share option limit from £30,000 to £60,000 and … Continue reading Company Share Option Plan (CSOP) limits doubled