Rayner's workers' rights overhaul could cost employers up to 5bn annually, government warns

Angela Rayner's proposed Employment Rights Bill could impose nearly £5 billion in additional costs on UK employers, sparking fears of raised prices and reduced investments.

The government estimates that the reforms could lead businesses to raise prices, cut wages, or reduce investment as they cope with increased operational costs.

Industry leaders criticized Rayner's reforms, suggesting that the government's approach seems overly aggressive, with one remarking it was 'using a sledgehammer to crack a nut'.

Rayner has promised far-reaching changes, like eliminating zero-hours contracts and enhancing sick pay, calling the bill 'the biggest upgrade to rights at work for a generation'.

Read at Business Matters