December 1st, 2011
The main changes which affect the business activity of the UK
- Fuel duty increase of 3p per litre planned for January 2012 has been delayed until August 2012
- Corporation tax will fall to 25% in April 2012
- Business rate holiday relief for small firms will be extended to April 2013
- £1bn will be made available to subsidise six month placements for young people
- Infrastructure spending to be supported by unlocking , up to , £20bn investment from pension funds
- Go ahead for 35 road & rail projects across England
- Crediting Easing ( rebranded as National Loan Guarantee scheme ) to underwrite low interest loans for small/medium firms
Other significant changes will affect:-
- Pensions – State pension up 5.2% , April 2012
- Right to buy council housing by occupants , with up to 50% discount
- Rail fare increases limited to inflation plus 1%
- Public sector pay awards limited to 1% for each of the next 2 years
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December 1st, 2011
The Key Proposals
- Increase the qualifying period for unfair dismissal claims from one to two years
- Introduction of fees for lodging Tribunal claims, Ministry of Justice to publish a consultation paper on the introduction of fees
- All employment disputes would be required to go to ACAS before proceeding to tribunal
- Micro-business ( organisations with fewer than 10 employees) would be free to use ‘Compensated no fault dismissal system’
- The proposals will examine if the 90 day minimum consultation for collective redundancies is a burden on good business planning
The Key Benefits
- The proposed changes seeks to encourage disputes to be resolved early before reaching the tribunal system
- Enable businesses to feel more confident about hiring staff
- Create time for relationships to get established , not to become a charter for businesses to sack people
- Government estimates that the proposed changes will result in, between , 3,700 & 4,700 fewer unfair dismissal claims per year
- The government expect that the changes will deliver £40m benefit to business per year
Keep watching our news to get updates on the progress of these proposed changes and other business news.
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September 26th, 2010
The automatic enrolment scheme, a new legislation which makes it compulsory for employers to enrol eligible workers into a qualifying workplace pension scheme, is due to come into force from 1st October 2012.
Under these measures, employers will have to enrol workers into a qualifying workplace pension arrangement and choose the qualifying scheme they adopt to discharge the newly arising duty and will have to make a minimum 3% contribution towards a defined contribution scheme.
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September 26th, 2010
Asset Skills was greatly encouraged by the employer response to the first of six regional events to register candidates onto the new Facilities Management Apprenticeship.
If you are interested in joining the scheme contact Asset Skills direct, for more information visit www.assetskills.org
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March 26th, 2010
This weeks budget referred to a minimum wage increase across the whole minimum wage structure. This includes a 2.2% or 13 pence per hour increase for those aged 21 or over taking them to £5.93 per hour, a 1.9% or 9 pence per hour increase for 18 – 20 year olds taking them to £4.92 per hour and a 2% or 7 pence per hour increase for 16 – 17 year olds taking them to £3.64 per hour. These new rates come into effect on the 1st of October 2010.
On the whole the budget has helped out the small to medium sized businesses but Adam Marshall, Director of Policy and External Affairs at the BCC criticised the move as this may discourage some businesses from taking on extra staff in the near future and may encourage some to downsize. The rise has, however, been greeted as a moderate and sensible rise by John Cridland deputy director general of the CBI and is in accordance with recommendations from the Low Pay Commision.
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October 1st, 2009
All workers have a right to at least 5.6 weeks’ paid annual leave.
There is not a statutory right to paid leave on bank and public holidays. If the employer gives paid leave on a bank or public holiday, this can count towards your minimum holiday entitlement.
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October 1st, 2009
Children and vulnerable adults are to be better protected from today with the start of the new Vetting and Barring Scheme (VBS).
The new scheme will be delivered by the Criminal Records Bureau (CRB) and the Independent Safeguarding Authority (ISA). Its tighter regulations are at the heart of the Government’s strategy for increasing the protection of vulnerable members of our society.
From 12 October 2009 the PoVAFirst service has been renamed the ISA Adult First Service.
The CRB has reduced the fee for Standard Disclosures.
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October 1st, 2009
As from October 2009 the National Minimum Wage (NMW) is as follows:-
- £5.80 per hour for all workers aged 22 years and over
- £4.83 per hour for workers between 18 and 21
- £3.57 per hour for workers of 16 & 17 years of age
The government has also promised to extend the adult minimum wage rate to 21-year-olds from October 2010
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