Overview

• Labour's Employment Rights Bill could impose costs of up to £4.5 billion annually on UK businesses, with small enterprises disproportionately affected.
• Key reforms include day-one protections against unfair dismissal, guaranteed hours, and enhanced sick pay, sparking fears of increased prices and job cuts.
• The bill seeks to reverse anti-trade union laws, potentially leading to more frequent strikes and increased union political spending.
• Proponents argue that the reforms will boost productivity and worker well-being, despite the financial burden on businesses.
• The bill has passed its second reading in Parliament, with ongoing debates about its economic implications and calls for exemptions for small businesses.