The Chancellor’s latest Budget announcement has sparked comment amongst the business community, with measures that will significantly impact both employers and workers over the coming years.
Key changes announced include a three-Year freeze on National Insurance and personal tax thresholds, a cap on salary-sacrifice schemes and higher statutory minimum wages.
Amidst a challenging landscape for businesses and employees alike, with employment costs rising and legislative change on the horizon, Bellevue Law’s founder Florence Brocklesby shared her thoughts with Law360 UK:
“There is no reason for the changes anticipated in the Employment Rights Bill to impact on hiring in practice. Concerns about giving workers protection against unfair dismissal from their first day in the job are likely to be mitigated by some form of probation period in which different rules apply. This reform will potentially benefit businesses if it results in employers being more focused on managing performance, and addressing issues, during the early stages of employment.” View the full article here (subscription only) UK Budget A Lose-Lose For Employers And Workers – Law360 UK
At Bellevue Law, we’re helping businesses navigate these challenges and plan for the future. If you’d like to discuss what these changes mean for your organisation, get in touch today.
Email us at hello@bellevuelaw.co.uk
