Liquid Friday Ltd

👀BUDGET 2024 HEADLINES AT A GLANCE Chancellor Rachel Reeves has delivered Labour’s first Budget in 14 years, bringing significant changes in tax, National Insurance, and the National Living Wage: Tax Increases: A £40 billion rise in taxes was announced, with changes impacting both individuals and businesses. National Insurance: The Employer’s National Insurance rate will increase by 1.2 percentage points, bringing it to 15%. Additionally, the Secondary Threshold for National Insurance will drop from £9,100 to £5,000 annually, affecting employer contributions. National Living Wage: The National Living Wage will increase by 6.7%, reaching £12.21 per hour, providing a substantial boost to low-wage earners. Other Key Points from Budget 2024 Employment Allowance: This allowance will be raised from £5,000 to £10,500, exempting around 865,000 employers from paying National Insurance next year. Beyond tax and wages, the Budget also outlined extensive investments and policy shifts aimed at bolstering public services and infrastructure: Healthcare and NHS Funding: A £22.6 billion boost in the NHS day-to-day budget and an additional £3.1 billion for capital projects are planned for this year and next. Capital Gains Tax: Rates will increase, with the lower rate moving from 10% to 18% and the higher rate from 20% to 24%. Income Tax Thresholds: These will now rise with inflation beyond 2027/28 rather than remaining frozen. Fuel and Alcohol Duties: The 5p cut in fuel duty will stay in place for another year, while alcohol duty on draught beer will reduce by 1.7%, lowering pub prices slightly. Inheritance Tax and Pension Changes: Inheritance tax thresholds are frozen until 2030, and inherited pensions will be subject to inheritance tax starting in 2027. Public Spending and Growth Forecasts: Total departmental spending will grow by 1.7% in real terms, with GDP growth forecasted at 1.1% in 2024, rising to 2.0% in 2025. Full commentary and analysis to follow from your Liquid Friday team.

💼It's Budget Day! Chancellor Rachel Reeves is due to deliver Labour's first Budget in 14 years. She has warned that there will be "difficult decisions" as the government plans tax rises and spending cuts worth £40bn. To see what what this looks like, and how it will impact you and your business: 📩 Subscribe to our newsletter for updates to your inbox: https://lnkd.in/eiUMNsTU 📅 Register for our Budget Update Webinar on Monday 4th November: https://lnkd.in/eyBHfvVD

👻 Don't get spooked by Self Assessment this Halloween! 🎃 Avoid the fright of missing deadlines or filing errors with our handy checklist 👉 https://buff.ly/3AnyAiG Even better, our handy tax return service will help you avoid the fright of self assessment. It's just £125 and available to everyone even if you aren't with Liquid Friday. Contact us to find out more!

🎃 Show us your pumpkins!🎃 Tomorrow is National Pumpkin Day! So it's time to carve out some success (sorry...) and share your pumpkin prowess this weekend in the run up to Halloween. We're sure they will be just gourd-geous! (Ok, we're leaving now...)

Labour's Budget is just around the corner on 30th October - but will there be tricks, treats or just a fright-fest?? Expected measures could impact everything from tax to employment law and public spending - so stick with us to stay updated. Register early to secure your place on our online Budget Update webinar with Joe Taffurelli, CMgr FCMI, MBA 📅 Monday 4th November, 1pm Register now 👉 https://lnkd.in/eyBHfvVD

Good news Monday! Liquid Friday Ltd has been shortlisted as a finalist for Equality, Diversity & Inclusivity Initiative of the Year in the The Business Magazine - South East Hampshire Business Awards! 🙌 Being recognised in any award category is a privilege, but this one means so much to us. EDI is at the heart of everything we do, and this recognition reaffirms our commitment to maintaining a culture where everyone feels valued and included. 🌈💚 A huge thank you to our team and partners Portsmouth Pride Trust for helping us make a real difference!

🌸 We're going all out for Wear It Pink day to raise awareness and support for breast cancer! Our team will be rocking their best (and most flamboyant) pink outfits, enjoying games and cakes throughout the day, all while raising funds for this important cause. 🩷💚 #WearItPink #BreastCancerAwareness

The Employment Rights Bill has landed last week and is being hailed as the biggest overhaul of workers' rights in a generation, putting in motion 28 individual employment reforms. This is going to be hugely impactful for the recruitment industry, with expanded Day 1 rights, a ban on zero hours contracts and a change to worker status all on the cards. A good place to start is our free guide for recruitment agencies "Employment Rights Bill: Challenges and Solutions" Written by experienced industry analyst and Liquid Friday COO Joe Taffurelli, CMgr FCMI, MBA, it offers industry-specific insights and practical steps to protect agencies from commercial and legal exposure and risk ahead. Get it here 👉https://lnkd.in/eZEvMUyg

📄Looking to make your contractor CV stand out? It might be time to declutter! Check out our latest blog for 10 things you should remove from your CV to increase your chances of landing that next assignment. 🎯 Streamline your CV with our expert tips and showcase what really matters! 👉https://buff.ly/3UbTt7d

It's National Customer Service Week! So meet our fantastic Customer Service Team, led by our dedicated Head of Customer Experience Samuel Pannell At Liquid Friday Ltd our focus on exceptional service is an every day, year round commitment. These guys work tirelessly to ensure our contractors receive the support they need in all of their dealings with us, with clarity, efficiency (and usually a bit of banter!) Shout out to: Callum Sposton, Jake Bailey, Susie Peckett, Lee Newman, polly evison, Mert Kesici, Libby Barlow #NationalCustomerServiceWeek