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Employment Rights Bill now calculated as causing a likely £38 billion hit to the economy
As MPs again debate the Government’s Employment Rights Bill, new Growth Commission calculations of the potential impact of the legislation provide further cause for concern about the likely hit to economic growth. Last week the non-partisan Commission comprising thirteen international economists established a likely hit to UK GDP of £23 billion over a five-year period […]
Changes to the Employment Rights Bill are welcome – but even the diluted legislation will cause a significant hit to economic growth
New calculations from the non-partisan Growth Commission today reveal that despite a concession from the Government that will water down some aspects of its Employment Rights Bill, the legislation is still set to cause a significant hit to the British economy. The impact will likely represent a £23 billion GDP hit to the UK economy […]
The Budget will hit growth – and deepen the Chancellor’s ‘black hole’
The key measures announced in today’s Budget will lead to growth remaining stagnant and revenues again failing to meet forecasts. That is the verdict of The Growth Commission, whose analysis predicts that Rachel Reeves’ failure to address the ‘crisis of unproductive public spending’ means it is almost certain that she (or a putative successor as […]