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Budget 2020: What does it mean for HR and payroll teams?

Budget 2020: What does it mean for HR and payroll teams?

By | Employment Law, News, Statutory Sick Pay | No Comments

Earlier this week, Chancellor Rishi Sunak announced a number of initiatives, funding and plans for the UK economy. Taking place against a backdrop of both the COVID-19 outbreak and Brexit; the government’s plans to ‘level up’ the British economy were outlined. This week’s Budget includes a number of ‘fiscal stimuli’ that include support for businesses throughout the coronavirus outbreak, increases to the National Living Wage and changes to the National Insurance Contribution thresholds. But there are significant announcements from this week’s Budget that will directly impact HR and payroll departments across the country. Statutory Sick Pay entitlement for self-isolating staff…

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