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New National Living Wage
In the July 2015 Budget, it was announced that a new mandatory National Living Wage (NLW) will be introduced for those aged 25 and above. The new NLW will come into effect on 1st April 2016 and has a starting rate of £7.20. Based on earnings for a full-time worker on the current NLW, the…
continue readingImportant Changes for Landlords from 1st October 2015
With the new Deregulation Act 2015 some important changes are coming into force on 1st October 2015 regarding section 21 notices, and landlords’ further responsibility to tenants. The rules really affect ASTs (‘assured short hold tenancies’) that begin on or after 1st October 2015. For ASTs starting before 1st October 2015 In relation to serving…
continue readingNew Bankruptcy Threshold from 1st October 2015
Since 1st October 2015, the government has increased the minimum bankruptcy threshold for a creditor to be able to start bankruptcy proceedings against a debtor from £750 to £5,000. This means that debt below the new £5000 threshold can only be enforced after a judgment has been obtained against the debtor, and only by those…
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