New workers' rights to cost businesses 5bn a year
Briefly

"The economic assessment report was prepared for MPs ahead of the second reading of the Employment Rights Bill on Monday... the legislation represents the biggest upgrade to workers' rights in a generation."
"The report warns that the additional costs could lead to employers cutting their workforces, which could in turn 'weigh' on economic growth, the government's stated policy priority."
"Ben Smith, from specialist employment law firm GQ|Littler, said it would be 'painful' in the short term for businesses trying to cope with the extra red tape, while the longer term positive outcomes were harder to quantify."
"Paul Nowak, general secretary of the TUC, said the government's assessment showed the business costs from the Bill were negligible and more than offset by wider economic and social gains."
Read at www.bbc.com
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