"She will argue that eight in ten firms believe the legislation, in its current form, will make hiring harder, acting as a brake on economic growth. "Lasting reform takes partnership, not a closed door," she will say. "When eight in ten firms say this bill will make it harder to hire, they are brakes on growth. The government must change course and ask business and unions to forge consensus through compromise.""
"Newton-Smith will also warn Reeves against repeating what she described as last year's "stop-start economy" and further tax increases, noting that the Chancellor's first Budget imposed £24 billion a year in new business costs. "It feels less like we're on the move, and more like we're stuck in Groundhog Day," she will say. Her comments come amid mounting anxiety among employers that next week's Budget could include further revenue-raising measures, including a proposed £2,000 cap on salary sacrifice pension schemes"
The Employment Rights Bill includes tougher unfair dismissal rights and guaranteed working hours and is expected by eight in ten firms to make hiring harder, slowing economic growth. Lasting reform requires partnership and consensus through compromise rather than closed-door policymaking. The first Budget added £24 billion a year in business costs, raising fears that further revenue measures could follow. A proposed £2,000 cap on salary sacrifice pension schemes risks prompting nearly a third of businesses to cut contributions. A two-month consultation will decide eligibility for a 25% energy cost cut from April 2027, targeting more than 7,000 energy-intensive firms.
Read at Business Matters
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