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Autumn Statement
Autumn Statement 2012 Introduction
Thursday, December 6th, 2012Each Government is bound under The Treasury Act 1975 to publish bi-annual reports to the nation, which we now recognise as the Autumn Statement and the Budget. Yesterday on 05 December at 12.30 pm, the Chancellor of the Exchequer George Osborne provided the 2012 Statement, which provided an update on the Government’s plans for the [...]
In Summary
Thursday, December 6th, 2012The Chancellor said that there would be no net increase in taxes (not including the effects of inflation, obviously). He said that any increases in taxes would be met by reductions elsewhere. These ‘elsewhere’ savings would be designed to ensure that everyone paid their fair share and that people in work should not see those [...]
Autumn Statement 05 December 2012
Tuesday, September 18th, 2012(www.thesun.co.uk) The second most exciting day in the year for payrollers has been announced as 05 December 2012 during Treasury questions from MPs. This is the day that George Osborne, Chancellor of the Exchequer, will deliver his Autumn Statement to Parliament. In the previous Government, this was known as the Pre-Budget Report and is delivered [...]
Autumn Statement 2011 (3) – Independent Review of Sickness
Monday, December 5th, 2011As part of the announcement of the Government’s Welfare Bill in February 2011, the Prime Minister announced a review into sickness absence. This was to be jointly chaired by David Frost CBE, Director General of the British Chambers of Commerce and Dame Carol Black, National Director for Health and Work. This was all part of [...]
Autumn Statement 2011 (2) – Employment Law
Sunday, December 4th, 2011We are repeating this section which are all employment-law related, though, at the same time, payroll-related. The Autumn Statement confirmed: Qualifying period for unfair dismissal to increase from one to two years from April 2012 All potential claims to the Employment Appeals Tribunal will have to be lodged through ACAS first A Rapid Resolution scheme [...]
Autumn Statement 2011 (1) – Pensions, Tax & NICs
Friday, December 2nd, 2011State Pension Age The Pensions Act 2011 gave the green light to accelerate the State Pension Age increases to 65 for women from 2018 and 66 for men and women by September / October 2020. Now, we are told that it will be accelerated further to 67 between April 2026 and April 2028. This increase [...]
Autumn Statement – 2011
Wednesday, November 30th, 2011The Autumn Statement on 29 November 2011 focused on the economy and the reducing growth forecasts as a result of European and Global influences. For payroll professionals, there were few surprises in the Statement. Whilst there is another change on the way in respect of the State Pension Age, even this cannot be said to [...]
