We round up the major political parties' policies for employers ahead of the general election 2024, taking place on 4 July.
Tax
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Green Party manifesto says it would extend the current 8% employee national insurance rate above the Upper Earnings Limit of £52,270.
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The Conservatives pledge a further 2p cut to employees' national insurance contribution in their general election manifesto today.
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The Liberal Democrats have published their election manifesto, including plans to replace the apprenticeship levy and establish a new employment status.
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Reform UK would introduce an ‘employer immigration tax’ to cure the UK’s ‘deadly addiction’ to cheap overseas labour, Richard Tice announces.
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One in five highly-skilled contractors is currently not working, with many attributing their absence to reforms to IR35 rules.
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Another national insurance cut kicks in this weekend alongside a swathe of employment law changes at the beginning of the tax year.
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Personnel Today provides an HR checklist of things to do in April 2024, as new employment laws come into force in the UK.
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Almost a third of employers will be more likely to hire contractors this year after the upcoming changes to IR35 rules to offset any overpayments.
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Changes to how IR35 works could reduce the financial risks of employing off-payroll contractors.
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Wages will not return to 2008 levels for another two years, the Resolution Foundation claims.
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What do HR experts and labour market observers make of this year's Spring Budget?
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Chancellor Jeremy Hunt confirmed the Treasury will cut the main rate of National Insurance by a further 2 percentage points to 8%.
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Government's surprise cut in employees' national insurance contributions takes effect from Saturday 6 January 2024.