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This article was first published on LexisLibrary on 19 March 2014. Click here for a free 24h trial of LexisLibrary.
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to free impartial advice on what options are available when taking their pensions. The detail is not yet clear but employers may have to help with those costs. Are there any surprises? Ruth Christy: This time there were no new schemes announced such as the employee-shareholder surprise from last year (and--perhaps not surprisingly in view of the take-up by businesses--little mention of how this scheme has progressed since its introduction). Natalie Painter: Considering the turbulent times employment law has been through recently, no surprises or major announcements were expected and employment lawyers will be relieved that they only have to get to grips with the changes already announced which are being implemented this April and beyond, eg shared parental leave from 2015. What actions should employment lawyers be taking? Ruth Christy: This was apparently a Budget for makers, doers and savers. The government is encouraging an enterprising Britain with a growing economy. Employment lawyers need to be conscious of this growth as the government continues to push recruitment to cut the unemployment rate to a target of 5% over the next five years. This will require being ready to give full and proper advice as businesses take on more staff. The current trend in apprenticeships is only likely to increase--lawyers need a full understanding of the nuances of apprenticeships and latest government proposals. Clients will continue to need help with the red tape of employment law to ensure they can keep pace with this expected growth. Want to know more? A full overview of the Budget 2014 can be found here: Budget 2014: Tax Information and Impact Notes and related documents, LNB News 20/03/2014 2. The views expressed by our Legal Analysis interviewees are not necessarily those of the proprietor.