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Entrepreneurs Panel

Brian Hay
Tony Caldeira
Laura Tenison
David Pollock
Julie Meyer
Jennie Johnson
Michael Oliver
Jeremy Roberts
Debbie Pierce
Charlie Mullins
Steve Purdham
Richard O'Sullivan

Holding the baby

Statutory maternity pay (SMP), statutory paternity pay (SPP) and statutory adoption pay (SAP) will all go up in April. Claimants will get £128.73 per week instead of the current rate of £124.88.

Statutory sick pay is also increasing, going from £79.15 to £81.60, while the weekly earning threshold for SMP, SPP and SAP will rise to £107.

Meanwhile, fathers of children due on or after 3 April 2011 will be able to take up to six months of paternity leave, as mothers will be able to transfer their allocation.

The law was brought about in a bid to give parents more flexibility as to how they use their maternity and paternity leave. Under current legislation fathers get two weeks’ paid paternity leave and mums get 52, of which 39 weeks are paid. The law came into force in April 2010, but will only start to take effect this April.

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Five Minutes With

Like Sir Richard Branson, entrepreneur Eric Everard's first business was a student magazine.

It took Richard Shonn, managing director of 151 Products, three years to find a warehouse big enough for his requirements.