29/10/2026
Yesterday's Autumn Budget brought several announcements for businesses, but what do they mean for employers? 💼
While there were no major unexpected changes, businesses still face rising employment costs, new legislation, and ongoing workforce challenges.
So, what were some of the key announcements? 👇
• Apprenticeships: An additional £100 million was announced to expand apprenticeship support across more areas of England, helping young people into employment and businesses take on apprentices.
• Minimum and living wage increases: From April 2027, the National Living Wage for workers aged 21 and over will rise to £13.20 an hour. The National Minimum Wage will also increase to £11.27 for 18–20-year-olds and £8.31 for 16–17-year-olds and apprentices.
• Artificial intelligence: Funding was announced to explore how AI could change jobs and industries, helping businesses better understand its potential impact on the workplace.
• Business costs: The Government outlined plans to reduce red tape and provide support with energy costs and business rates.
While these announcements may offer some reassurance, the challenges facing employers haven't disappeared.
Businesses will need to think carefully about how these developments could affect their workforce, costs and future plans.
At Petaurum HR, we're here to help businesses understand their responsibilities, prepare for change and make informed decisions about their people.
📲 Need advice or support? Get in touch with our team: https://petaurumhr.co.uk/need-help/