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Spring Statement 2019: Employment News

15 March 2019 #Employment


The Chancellor presented his Spring Statement to Parliament this week. 

The Government suggest that there are over 3.5 million more people in work than there were in 2010 and a million fewer workless households, unemployment rates continue to decline being at 4%; their lowest in more than 4 decades.  The statement sets out that these trends are expected to continue over the next few years, with employment set to increase by a further 600,000 jobs by 2023.

The statement has brought some good news for employers reaffirming a desire to invest in skills and productivity through financial support (provided the UK reach a deal over Brexit) and flexibility in the UK’s visa scheme for recruiting highly skilled individuals.  Further, the £700million referred to in the autumn Budget to help small businesses take on more apprentices will become available earlier than expected from April this year.

However, not all news will be welcomed by employers.  The Chancellor has suggested that later this year there will be a review of how minimum wage rates are set with a view to this influencing levels from 2020.  This could, ultimately, see a significant rise in costs for employers. 

Clarkslegal, specialist Employment lawyers in London, Reading and throughout the Thames Valley.
For further information about this or any other Employment matter please contact Clarkslegal's employment team by email at employmentunit@clarkslegal.com by telephone 020 7539 8000 (London office), 0118 958 5321 (Reading office) or by completing the form on this page.
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Louise Merrell

Louise Merrell
Associate

E: lmerrell@clarkslegal.com
T: 0118 960 4614
M: 0779 900 7325

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