UK's RPC criticizes Employment Rights Bill, warning it could cost businesses £7.4 billion and harm jobs.

The UK's Regulatory Policy Committee (RPC) has criticized the government's Employment Rights Bill, led by Angela Rayner, for lacking sufficient evidence and overestimating the benefits. The RPC gave the bill a "red rating," warning it could cost businesses £7.4 billion over ten years and lead to lower wages and fewer job opportunities. Critics argue the bill may hit hiring and fuel inflation. The government plans further consultations to refine the legislation.

November 25, 2024
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