Guido Fawkes
Rayner’s Employment Rights Bill is still taking heavy flak from Britain’s business leaders – a new survey from the Institute of Directors this morning reveals 72% of nearly 500 directors believe the legislation will harm UK economic growth. Who would have thunk it from Rayner’s big, beautiful bill?
It gets worse:
49% say they’ll be less likely to hire new staff.
36% admit they’ll be more likely to outsource jobs overseas.
23% say redundancies are now more likely on the cards.
52% are planning to ramp up investment in automation.
Unions are heavily in support while businesses report the added regulation will only exacerbate the sting from Reeves’ tax rises. The IoD’s chief policy advisor Alex Hall-Chen said:
“The Employment Rights Bill, in conjunction with the recent increase i