This bill is a tremendous attempt at protecting workers while also keeping businesses afloat. While the Labour Party is rightfully seeking to end exploitative contracts and unfair termination, it's also being pragmatic by allowing a consultation period to play out before enforcing wage- and hour-related policies. Any employment law must take into account both workers and small businesses.
Starmer's Labour government has no idea how its policy proposals would impact real-world business owners. In the middle of his economic summit this week, Transportation Secretary Louise Haigh was caught berating a ferry company, resulting in the company pulling out of a billion-dollar investmen deal. Bullying businesses for disagreeing with labor contract laws will not make the economy stronger.
There is a 62% chance that the UK will join the European Economic Area before 2040, according to the Metaculus prediction community.