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July 2015 Budget date announced

It has now been announced by the Chancellor of the Exchequer that there will be a Budget on Wednesday 8 July 2015. The…

It has now been announced by the Chancellor of the Exchequer that there will be a Budget on Wednesday 8 July 2015.

The Government has expressed that it is seeking views from the public on what measures should be included in it.

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There were several employment related points arising from the March 2015 budget, those being;

  • The Government has accepted the Low Pay Commission’s recommendations, and will increase the National Minimum Wage to £6.70 this autumn with a view to it being over £8 by 2020.
  • National Insurance Contributions (NICs) will be abolished for under 21 year olds this April. In April 2016, NICs will be abolished for employing a young apprentice. In the next Parliament, Class 2 NICs will be abolished for the self-employed.
  • The Government welcomed the final report of the Office of Tax Simplification on employment status and stated it will respond to the recommendations in the next Parliament.

The-Complete-Recruiter course

It has now been announced by the Chancellor of the Exchequer that there will be a Budget on Wednesday 8 July 2015. The Government has expressed that it is seeking views from the public on what measures should be included in it. Attention Recruiters See Live Jobs on SplitFee.org – Don’t Miss Out It's FREE if you Join Now! There were several employment related points arising from the March 2015 budget, those being; The Government has accepted the Low Pay Commission's recommendations, and will increase the National Minimum Wage to £6.70 this autumn with a view to it being over £8 by 2020.…

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