Labor party officials barely seem to prioritize employers in their considerations
In the current political climate, British businesses are facing significant challenges due to the government's Unemployment Bill and changes to National Insurance Contributions (NICs).
Andrew Griffith MP, the Shadow Business Secretary, has been vocal about the impact of these measures on businesses. The government's impact assessment suggests that the Unemployment Bill could cost businesses up to £5bn per year.
The Unemployment Bill, initially put forward with changes by leading business groups and cross-party support in the House of Lords, has faced several setbacks. Labour MPs blocked constructive changes to the bill, and it was written primarily for unions, not employers.
Moreover, Labour increased Employer National Insurance Contributions, a move that has been met with criticism from businesses. Half of businesses told the Bank of England they had cut jobs due to the rise in NICs. Yesterday's ONS figures showed a loss of 142,000 payrolled jobs in the past year and 8,000 in the past month, with the accommodation and food services industries particularly affected by job losses.
The changes to NICs and the Unemployment Bill will cost businesses almost £1000 per worker per year. This financial burden, coupled with the implications from the Unemployment Bill, is causing concern among employers.
Businesses need the freedom to invest, grow, and create new jobs. However, their costs are increasing, and their room for maneuver is shrinking. The search results do not provide information on the name of the minister who drafted the Unemployment Bill in this government.
The actions of unions last week led to a crippling of the capital, with Labour seemingly wanting more strikes. Labour MPs rejected amendments to keep probation periods for new staff, to force consultation with small businesses on the impact of the Unemployment Bill, and to ensure ballots for strike action require a 50% turnout.
Labour MPs also blocked a Conservative-backed amendment that would have prevented workers from unknowingly funding Labour Party donations to trade unions. This rejection has added to the growing concerns about the impact of Labour's policies on businesses.
Keir Starmer and Rachel Reeves have not only refused to change course but have doubled down on their damaging policies, further increasing pressure on businesses. The government should listen to industry and scrap its Unemployment Bill to help ease the burden on businesses and support job creation.
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