The Employment Rights Bill is set to impose a £5 billion stealth tax on British workers, according to a report from the Institute of Economic Affairs. Employment mandates disguise costs as benefits, ultimately lowering wages for employees. The bill's measures, such as unfair dismissal rights and enhanced union powers, may lead to more risk-averse hiring by employers. Britain's labour market freedom score has significantly decreased, impacting economic competitiveness. There are concerns the bill could foster industrial militancy, echoing 1970s unrest. Reform proposals include banning strikes in essential services and scrapping the apprenticeship levy.
The Employment Rights Bill returning to Parliament will impose a £5 billion stealth tax on British workers. Employment mandates function like hidden taxes that reduce wages over time.
Politicians exploit public misunderstanding about who pays for employment rights. Costs are passed back to employees through lower wage increases, affecting all workers.
The Employment Rights Bill includes unfair dismissal rights and enhanced union powers, making employers more risk-averse, which may hinder government growth objectives.
Britain's labour market freedom score has plummeted from 81% to just 63% today, undermining a key competitive advantage of the UK economy.
New union powers could lead to a return to 1970s-style industrial militancy, with unions potentially extorting more pay from the government, impacting taxpayers.
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