The General Election and Employment

The General Election and Employment

Election and Employment

What’s in the Conservative and Labour parties’ manifestos regarding employment?

As the nation prepares to go to the polls on June 8 for another General Election, what are the two leading parties promising with regard to employment?

Conservative:

  • The right to take up to one year’s unpaid leave to care for an elderly relative
  • Two weeks’ paid leave for parents whose child dies
  • An increase in the National Living Wage in line with average earnings for every year of the next Parliament
  • A guarantee that all existing European Union workers’ rights will be retained in the UK following Brexit
  • An obligation on larger companies to report their ethnic pay gap, similar to the new gender pay gap requirements
  • Employees to receive the same information on their company’s future as shareholders do at present
  • A statutory right to take time off work to undergo training
  • Public listed companies to be forced to appoint a director from their workforce, or to designate an existing non-executive director as having responsibility for the interests of the company’s employees
  • An increase in the income tax personal allowance to £12,500 by 2020, with the higher rate threshold to reach £50,000
  • A reduction in Corporation Tax to 17% by 2020, from the current level of 19%

Labour:

  • An increase in the National Living Wage to £10 per hour by 2020, and an extension of the living wage to all those aged 18 or over
  • A ban on zero-hours contracts
  • All staff to get equal rights from their first day of employment, whether they are full-time or part-time, permanent or temporary
  • A guarantee that all existing European Union workers’ rights will be retained in the UK following Brexit
  • Four new UK-wide Bank Holidays to coincide with the four national saints’ days
  • A ban on public sector organisations paying their highest paid employee more than 20 times the remuneration of the lowest paid. This cap would also apply to any company tendering for a public contract
  • A right to union representation for all staff
  • An increase in paid paternity leave to four weeks
  • An end to unpaid internships
  • The scrapping of employment tribunal fees for employees
  • A new 50% income tax rate to be paid on earnings above £123,000, with 45% to be paid on earnings between £80,000 and £123,000
  • A new tax on companies paying high salaries, so those with a wage bill of more than £330,000 will pay a 2.5% tax, while those paying more than £500,000 in salaries will be charged at 5%
  • A reversal of all Conservative corporation tax cuts, so the rate reverts to 26%

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