There were several announcement made by the Chancellor, Phillip Hammond, in the Autumn Statement that will impact employment law. Incidentally this might be the last Autumn Statement, as one of the announcements was to abolish them!
In April 2017, the rates employers have to pay will go up for the first time since April 2015. The rates are linked to the Consumer Price Index (CPI) and as that did not rise last year the rates were frozen for 2016.
However a 1% rise in the CPI this year means the rates will also rise by the same amount. The new rates, which are expected to come into force on 6 April 2017 are as follows:
Statutory Maternity Pay (and other family friendly payments including adoption pay, shared parental pay and paternity pay): £140.98 up from £139.58 in 2015
Statutory Sick Pay: £89.35 up from £88.45 in 2015
Read more on SMP and other family friendly payments.
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