Budget 2018 – The Key Points

Budget 2018 – The Key Points

Budget Box

The big take-away from Monday’s budget was the Chancellor’s ‘end of austerity’ claim. Leaving the political squabbling aside regarding public spending…

Outlined below are the key issues affecting recruiters and other businesses.

  1. National Living Wage is set to increase from £7.83 to £8.21 per hour from April 2019.
  2. Extending ‘IR35’ Reforms, from the public sector to medium and large private companies, from 2020.
  3. Apprenticeship Levy contributions reduced to 5% for small businesses
  4. Cutting business rates by a third for small retailers
  5. Jobs outlook –800,000 more jobs forecast by 2022

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