We have a new government of sorts, after all the campaigning, the Conservative party didn’t get enough votes to form a majority government meaning they will be forming a minority government in alliance with the Democratic Unionist Party.
The main priority for the Government will be Brexit negotiations but the following points will be good to keep an eye out for:
- There will be lots of attention to those working the in the “gig economy” and the introduction of legislation to make clear their worker/employed status.
- There could be limited changes to National Insurance payments – they could rise but this has not be stated clearly yet.
- It is likely there will be an increase in the personal tax allowance to £12.5k and £50k for higher tax payers.
Things for businesses to look out for
Brexit negotiations around the rights to work, both for UK and EU nationals and EU workers currently in the UK, should be kept under careful review for any developments.
With increased attention on the “gig economy”, it may result in the re-assessment of contracts between businesses and self-employed workers and will also require greater analysis of the status of an employee, worker or contractor.
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