Tags: Chancellor

Poll: Is the Chancellor’s ‘steady as she goes’ budget a good or a bad one for HR departments?

The Chancellor’s Budget yesterday managed to steer clear of any drama that may imperil the Prime Minister or the upcoming EU referendum. However, there were some morsels in the Chancellor’s speech that were of interest to HR departments. From changes to national insurance contributions to encouraging ‘younger savers’ and rate relief for UK PLCs, there were…

The Budget: comments from the community (part 2)

In the first part of this community comments article we looked at how HR will be affected by changes to pensions in this week’s Budget announcement by Chancellor of the Exchequer George Osborne. Employment Chris Jones, Chief Executive of City & Guilds, said: “The budget had a common theme – job creation. From investment in…

Reaction to the Chancellor increasing the state pension age

The state pension will rise by £2.95 a week from next April, leaving pensioners £800 a year better off from government measures since 2010, Osborne says. Pensioners will be offered the opportunity to make voluntary national insurance contributions to boost their retirement income. The new principle that people should spend one third of their adult…

Autumn statement puts the apprenticeship scheme at risk

Chris Jones, Chief Executive, City & Guilds Group said: “Apprenticeships have come so far over the past few years thanks to Government investment, support and focus. It’s fantastic to hear in the Autumn Statement that a budget surplus is in sight and that all the indicators point to growth in the UK economy. “In 2012,…

What the Budget means for pensions

State Pension reform Personal tax allowance and automatic enrolment Public sector pay reforms Inflation target   Earlier today, Towers Watson reacted to the Budget’s announcement that the Pensions Regulator would be given a new objective. Our thoughts on some of the other pensions-related announcements are below.    State Pension reform and the ‘fair deal’ for contracted-out employees…

Budget must help small firms take on more staff

The Federation of Small Businesses (FSB) has said that next week’s Budget should include help for small firms to take on staff. New figures from the FSB suggest small businesses are looking to employ in the coming months as confidence picks up. Figures from the FSB’s ‘Voice of Small Business’ Index shows a net balance…

Calls for state pension levy to be dropped

The levy on state pensions should be lifted, saving pensioners around £1,000 a year in Income Tax, according to the Office of Tax Simplification (OTS). Tax advisers for the Treasury said that the current rules for those in retirement are confusing and many feel that the deduction is unjust. More than five million people on…

‘Scrooge’ Osborne to be visited by the ghosts of women’s past, present and future

As the Chancellor George Osborne introduces his pre-budget statement tomorrow (29/11/11), activists from UK Feminista will stage a creative protest outside Parliament to highlight how the government’s cuts are shredding women’s rights. A protestor dressed as Scrooge and wearing a George Osborne mask will be ‘visited’ by the ghosts of women’s economic past, present and…