Against a backdrop of increasing M&A deal values and volumes in the sector, an upcoming Budget, recently announced changes to workers’ rights and a lack of transparency over the new Government’s plans for the UK economy has presented both opportunities and challenges for UK Human Capital companies.
We consider key announcements and developments during the first 100 days of the new Labour Government and how Human Capital companies can benefit and prosper by demonstrating agility in responding to these opportunities whilst mitigating potential threats.
Key Points in Focus:
- The upcoming Budget to be delivered on 30th October represents one of the key sources of uncertainty for the Human Capital Sector and the wider economy, with much of this centered around changes to Capital Gains Tax rates and employers’ NIC.
- The recent announcement of the UK Government’s employment reform legislation provides insight into the key priorities of the new Government, although the effects of the policies are yet to be fully understood.
- Although the UK Government’s strategy for the UK economy remains relatively opaque, its Industrial Strategy provides insight into the key areas of focus and the sectors that could see a wave of investment and growth throughout 2024 and beyond.
- Despite a lack of transparency over the Government’s plans for the UK economy, Human Capital companies that are able to demonstrate agility and capitalise on the opportunities will continue to attract interest from both strategic and financial acquirors and be the beneficiaries of the next wave of consolidation in the sector going into 2025.
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