Red tape could 'derail recovery'
Feb 15 2011
A new raft of employment legislation is set to come into force
New employment laws due to be implemented over the next four years will cost UK businesses £22.87 billion, according to the British Chambers of Commerce (BCC).
Despite a pledge from the government to tackle the burden of red tape, a new raft of employment legislation is set to come into force between April 2011 and April 2015.
This year, the Right to Request Time off to Train will have an annual recurring cost to business of £174.9 million, the Agency Workers Directive £1.5 million and, in 2012, the Pensions Reform £4.5 million, says the organisation.
David Frost, director general of the BCC says, ‘The government claims business growth is top of the agenda, yet UK firms will be hit with huge costs once these new regulations come into force. Companies cannot generate growth and create jobs when they are facing a £23 billion bill, just to implement new employment legislation.
‘Unless the government reduces this kind of red tape, we will continue to have high levels of unemployment and could end up derailing the recovery.’
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