Proposed Labour Laws and Minimum Wage Hikes: Another New Challenge for UK Businesses
The UK’s business landscape is bracing for another wave of cost pressures as new labour laws and the recent increase in the National Minimum Wage are set to reshape employment practices and payroll budgets. In April 2024, the minimum wage for workers aged 23 and over rose by 9.7%, reaching £11.00 per hour—a move aimed […]
UK Budget: Employer NICs Rise by 1.2% as Predicted by GBMM
In a move that confirms earlier projections by the GBMM team, the UK Government has increased employer National Insurance Contributions (NICs), now standing at 15% by 1.2% as part of its latest Budget announcement. This rise, while not unexpected, places significant financial pressure on businesses. Employer NICs are ultimately a tax on jobs—the more you […]
