employment burdens

Small Businesses Face £23bn Red Tape Bill

New employment regulations due to be introduced over the next four years will cost UK businesses £22.17 billion, the British Chambers of Commerce (BCC) has calculated. The BCC’s Employment Timeline (PDF) reveals a raft of regulations which are due to be introduced between April 2011 and April 2015. These include the Agency Workers Directive (2011) and Pension Reform (2012), which the business group claims will cost UK firms £1,548 million and £4,526 million respectively per year. “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.” said BCC director general, David Frost. “Companies cannot generate growth and create jobs when they are facing a £22 billion bill, just to implement t... »