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What does the UK-EU "re-set" mean for business?

The UK and the EU have agreed a "common understanding" on closer cooperation across a number of key areas.  Following a period of difficult relations after Brexit, the mere fact that that both sides have committed to closer cooperation has obvious political significance. But what does the deal mean for business?

Outsourcing Spotlight – Spring/Summer 2025

Welcome to the fourth edition of Travers Smith's Outsourcing Spotlight. In this issue, we look at whether a possible change in the approach to equal pay could undermine incentives to outsource.  We also discuss the implications of the UK Government's Immigration White Paper, new legislation on premises and consumer-facing outsourcings and take an in-depth look at longer term outsourcings.

Payment issues in commercial contracts from a customer perspective: a short primer

In this short video, Rich Offord, Katie Hindley and Jonathan Rush highlight some of the key issues for customers when negotiating payment clauses in commercial contracts. Topics covered include common pitfalls when seeking to withhold payments in response to poor supplier performance and the importance of set off rights.  We also discuss why some customers may need to devote more attention to whether they are paying their suppliers on time and the remedies specified in the contract for late payment.

Salary sacrifice arrangements

With employer's National Insurance contributions (NICs) now at 15% and tax bands frozen, salary sacrifice arrangements are an increasingly popular choice for employees and employers looking to reduce their costs. These arrangements involve employees "sacrificing" their right to a portion of their pre-tax salary or bonus in exchange for non-cash benefits such as pension contributions and cycle-to-work schemes.

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