- Employment law for employees
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Our Employment team comments on Hunt’s ‘Autumn Statement for growth’.
1 minute read
Published 22 November 2023
Chancellor Jeremy Hunt today announced what he dubbed was his ‘Autumn Statement for growth’. Amongst the various new measures outlined by the Chancellor, several related to employment and the world of work. The main changes include:
The Chancellor stated his reforms are aimed at, amongst other things, increasing the number of people in work. He stated the reforms to National Insurance alone will lead to a further 94,000 people in full time employment.
These measures also appear designed to put more money in people’s pockets. However these tax cuts follow several years of tax rises and freezes, meaning the cuts announced today may not offset earlier increases.
Employers will need to take note of the changes, especially concerning the new right around workplace pension schemes (for which we await further guidance) and changes to the National Living Wage, which from April 2024 will expand to include workers who are 21 and over.
Related content
Shorter Reads
Our Employment team comments on Hunt’s ‘Autumn Statement for growth’.
Published 22 November 2023
Chancellor Jeremy Hunt today announced what he dubbed was his ‘Autumn Statement for growth’. Amongst the various new measures outlined by the Chancellor, several related to employment and the world of work. The main changes include:
The Chancellor stated his reforms are aimed at, amongst other things, increasing the number of people in work. He stated the reforms to National Insurance alone will lead to a further 94,000 people in full time employment.
These measures also appear designed to put more money in people’s pockets. However these tax cuts follow several years of tax rises and freezes, meaning the cuts announced today may not offset earlier increases.
Employers will need to take note of the changes, especially concerning the new right around workplace pension schemes (for which we await further guidance) and changes to the National Living Wage, which from April 2024 will expand to include workers who are 21 and over.
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Partner - Head of Employment
Specialising in Employment law for employees and Employment law for employers
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