5 November 2024

Budget 2024: NHBF response to the Autumn Budget 

The first Labour Budget since taking office was presented last week on, 30 October 2024, by the first female Chancellor, Rachel Reeves, in the Commons.

The summary of the Budget:

  • Wage rates; 6.7% increase in National Living Wage, 16.3% increase in 18-20 rate, single adult rate ‘over time’
  • Employers National Insurance contributions (NICs) increased by 1.2% to 15% from April 2025
  • Reduce NICs threshold from £9,000 to £5,000  
  • Increase Employment Allowance from £5,000 to £10,500
  • Business rates: 40% relief for Retail and hospitality in 2025/26 and small business multiplier freeze
  • Freeze on fuel duty in 2025 for another year

Click here to read the full statement

 

Join NHBF Member Webinar on Wage Rates Rises

You will have seen the Autumn Budget announcement last week and news about wage rate rises of 6.7% to the National Living Wage and 16%+ to rises to the youth rates and apprenticeship rate.

Join our online Member webinar via Microsoft Teams at 4pm on Thursday 7 November to hear more background, context, the NHBF’s reaction and intended next steps. We can also feedback from a meeting yesterday with the Secretary of State for Business, Jonathan Reynolds and Exchequer Secretary to the Treasury, James Murray. There will be a short presentation then Q&A and opportunity for you to share your views.

Sign up via the form here: https://www.surveymonkey.com/r/T88HQRC and we’ll send you a dedicated link to access the event.

 

Noise at work

Updated guidance for small business owners on controlling noise at work was published by the Health and Safety Executive (HSE). It includes an employer’s legal obligations to control risks to workers’ health and safety from noise. Small business owners can also use HSE’s noise exposure calculator, to check that employees are operating in a safe environment.

 

Introducing Business in a Box: NHBF's Innovative Support for the Hair and Beauty Sector 

In an ever-evolving industry where client trust and safety are paramount, the National Hair & Beauty Federation (NHBF) is taking an innovative step forward. Today, we're thrilled to announce the launch of our ground-breaking "Business in a Box" Health & Safety Pack, a new initiative designed to provide comprehensive support for hair and beauty salons and barbershops.