04 March 2026
Rachel Reeves delivers Spring Statement with no major surprises, offering breathing room for pay professionals.
Chancellor Rachel Reeves delivered the Spring Statement today, sticking to her promise of no major policy announcements. The pause comes as pay professionals continue to manage an intense period of legislative and regulatory change.
Recent and upcoming reforms shaping the landscape include:
- Removal of waiting days and the lower earnings limit for Statutory Sick Pay (SSP)
- Launch of the Fair Work Agency, tasked with enforcing national minimum wage, SSP, and holiday pay rules
- New requirements for some pay professionals to register as tax advisers and undergo Anti‑Money Laundering supervision
- Mandatory payrolling of benefits in kind, set to take effect from April 2027
- Further measures stemming from the Employment Rights Act, adding to the sector’s workload.
With so much transformation already under way, today’s statement offers the profession a brief moment of stability. The CIPP reassures members that it will continue providing guidance and support throughout this demanding period.
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