2018 Budget – A Summary

2018 Budget – A Summary

Philip Hammond presented his 3rd budget as Chancellor on Monday 29th October amidst a backdrop of the supposed end of austerity.  It highlighted a number of interesting points from a business/employment market perspective, not least that wage growth is at its highest in nearly 10 years.

The key points were as follows:

  • The personal allowance threshold for 20% tax will rise from £11,850 to £12,500 in April 2019 – this is a year earlier than planned.
  • The higher rate income tax threshold  for paying tax at 40% will to rise from £46,350 to £50,000 in April 2019.
  • National Living Wage will increase from £7.83 to £8.21 an hour from April 2019.
  • The contribution of small companies to the apprenticeship levy will be reduced from 10% to 5%.
  • Business rates bill for firms with a rateable value of £51,000 or less will be cut by a third over two years.
  • From April 2020, profitable technology companies with global sales of more than £500m will be liable for a 2% digital services tax on UK revenues.
  • Work allowances for universal credit will be increased by £1.7bn.
  • Delayed IR35 taxation changes could result in thousands of private-sector contractors facing higher tax and National Insurance bills from April 2020.

The REC (Recruitment and Employment Confederation) of which Intro Personnel is a proud member, has responded positively to the abovehttps://www.rec.uk.com/news-and-policy/press-releases/rec-full-response-to-the-chancellors-budget

A full summary of the budget can be found athttps://www.bbc.co.uk/news/uk-politics-46017125

Super Work!

Super Work!

Intro Personnel has proudly presented a cheque for £1000 today to the Katharine House Hospice! We pledged to raise a £1000 for the Hospice this year as part of their ‘Super Six’ campaign and we’re pleased to announce that we have achieved this well ahead of schedule, through a combination of our annual profit related donation and regular staff fundraising including funds from weekly dress down days and staff birthday donations. We won’t be taking our feet off the fundraising pedal now though and have a variety of fundraising ideas and plans, for our two nominated charities The Donna Louise Children’s Hospice Trust & Katharine House Hospice, up to the 31st December before we start all over again in 2019!

Find out more about the great work these 2 fantastic organisations do by clicking the following links  The Donna Louise Children’s Hospice Trust  and Katharine House Hospice

A new home for Intro!

A new home for Intro!

We are also pleased to announce that Intro Personnel has completed on the purchase of a new office building close to Newcastle town centre.  We are planning some exciting renovation work on the property and therefore will be moving into the building at some point in the new year.  This will give us the opportunity to continue to grow our business and expand our team of recruiters as our client base continues to grow. Further updates on this exciting new venture will be announced in due course.