UK Employment Rights Bill Could Trigger Job Cuts, Price Hikes
UK Employment Rights Bill Could Trigger Job Cuts, Price Hikes

UK Employment Rights Bill Could Trigger Job Cuts, Price Hikes

News summary

A series of polls conducted by the British Retail Consortium (BRC) reveal that Labour's proposed Employment Rights Bill is causing significant concern among major UK retailers, with more than half anticipating job cuts and price increases if the legislation passes. The bill introduces sweeping changes, including guaranteed hours, restrictions on zero-hour contracts, stronger trade union rights, and enhanced protections such as sick pay and flexible working from day one. Retailers argue these measures will increase labor costs, reduce the flexibility that defines many retail roles, and make it harder to offer part-time positions. The retail sector, already under pressure from recent tax hikes and increased minimum wage, fears the bill could further stifle employment and investment, especially as it recovers from substantial job losses since the pandemic. Business groups, including the British Chambers of Commerce, are urging the government to amend the bill to avoid unintended consequences that could hinder economic growth. While the reforms aim to protect workers and curtail exploitative practices, industry leaders warn that without changes, the bill may ultimately undermine both job creation and affordability for consumers.

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100% Right
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Last Updated
4 days ago
Bias Distribution
100% Right
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