Nursery World - Management focus: The Budget

While the recent budget may not have made any announcements that are directly relevant to the nursery sector, it does have wider implications for nurseries as businesses and it is important that settings consider this as part of their future planning

The budget also confirmed previous announcements relating to support for childcare and nurseries should think about what the longer-term impact of this could be.

There was welcome news for low-paid employees with an increase in the personal tax allowance by £630 to £8,105 from April 2012. Nurseries as employers may have opportunity to train staff as part of a scheme to create 50,000 apprenticeships over the next four years. The Government also revealed a new consultation will be released to look at the option of integrating the income tax and National Insurance contributions system.

On the business front, predicted growth of the economy has been downgraded for 2011 and 2012 from 2.1 per cent to 1.7 per cent and from 2.6 per cent to 2.5 per cent respectively.

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