Stat of the day: £22.9bn

The bill faced by businesses over the next four years as new employment laws come into force.

by Elizabeth Anderson
Last Updated: 09 Oct 2013
Businesses are getting set for a raft of new employment laws which are to come into effect over the next four years – despite the Government’s pledge to cut red tape.  According to the British Chambers of Commerce, the new laws will end up costing businesses a total of £22.9bn, and could derail the recovery by stifling job creation.

Seven major changes are planned for 2011 alone, including the right to request time off for training, and plans to give agency staff the same pay as permanent staff after 12 weeks in the job.  

The BCC is warning that unless red tape is cut, the private sector will see a recruitment freeze as firms struggle to keep pace with the new legislation. But the coalition says it’s considering delaying or scrapping some of the proposed changes in order to relieve the burden on small businesses. Originally, the Government had pledged to implement a ‘one in, one out’ rule - where one regulation will be scrapped for every new one brought in. So far, there hasn't been an awful lot of evidence of that, though...

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