The Chartered Institute of Payroll Professionals
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The King's Speech to be held on 7 November 2023 Published: 5 September 2023 Emailed: 6 September 2023
It has been announced by Leader of the House of Commons, Penny Mordaunt, that the King will deliver his Speech on 7 November 2023.
It has been confirmed that as is usual, the current session of Parliament will be prorogued ahead of the King’s Speech and this time will be used to enable logistical and security preparations for the State Opening of Parliament. The likely date of prorogation will be confirmed in due course.
CIPP comment
The CIPP awaits to see if any Bills will be introduced, or existing Bills progressed, that will impact the work of payroll professionals. We will be monitoring this and, of course, will update you all as to any developments of this nature.
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Autumn Statement 2023 date confirmed Published: 5 September 2023 Emailed: 6 September 2023
The Chancellor of the Exchequer, Jeremy Hunt, today announced that he will present the Autumn Statement 2023 to parliament on 22 November 2023.
The Office for Budget Responsibility (OBR) have been commissioned to prepare an economic and fiscal forecast to be presented to parliament alongside the Autumn Statement. This will follow the King’s Speech, which will take place on 7 November 2023.
Keep an eye on the CIPP news page for the latest updates.
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National Living Wage to increase from April 2024 Published: 2 October 2023 Emailed: 4 October 2023
The Prime Minister, Rishi Sunak and the Chancellor of the Exchequer, Jeremy Hunt, announce a wage boost for over two million working people. The National Living Wage (NLW) is set to increase to at least £11 an hour from April 2024.
At the moment the government is waiting for the Low Pay Commission (LPC) to confirm its recommendation for next year. Currently the NLW sits at £10.42 and is the minimum rate applicable for aged 23 and over. But the Prime Minister has confirmed that whatever the LPC recommends, the NLW next year will increase to at least £11 an hour.
The Prime Minister, Rishi Sunak, said:
‘‘For a full -time worker on the National Living Wage this boost is worth over £1,000 more next year. It'll mean that the wages of the lowest paid people in society are over £9,000 a year higher than they were in 2010.
If you work hard, a Conservative government will always have your back.’’
Read the full news story, here.
cipp.org.uk
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