The latest phase of the government's sweeping employment reforms risks creating an adverse impact on the British labour market, according to industry experts and legal specialists. As businesses grapple with the costly implications of taking on new staff, regulations under the Employment Rights Act are rolling out, bringing tighter workplace protections, greater union access, and stricter liability rules for staff harassment. Legal experts note that while these measures may be well-meaning, making employment more expensive and complex could inadvertently discourage hiring and investment. Employers are already reviewing their current workforce and future staffing requirements as protection against unfair dismissal arises at a much earlier stage. Furthermore, Britain's fiscal watchdog, the Office for Budget Responsibility, has indicated that the changes are expected to hit economic growth, as costs to businesses outstrip productivity boosts. Industry bodies have echoed these concerns, warning that employers are facing too many additional financial pressures at once. Source: City AM #UK #Economy #LabourMarket #EmploymentLaw #Business
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