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Snapshot 6:Fri, Oct 11, 2024 7:58:01 PM GMT last edited by KateHennig

UK Announces New Employment Policies

UK Announces New Employment Policies

Above: UK Prime Minister Sir Keir Starmer speaks at the Trade Union Congress on Sept. 10, 2024. Image copyright: Andrew Aitchison/Contributor/In Pictures via Getty Images

The Spin

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. InIt thedoes, middlehowever, ofknow hisprecisely economichow summit this week,bill Transportationwould Secretaryimpact Louiseits Haighwallet: wasWith caughta beratingfifth aof ferrythe company,measure resultingdedicated into extending the companypowers pullingenjoyed outby ofits atrade billion-dollarunion investmenpaymasters, deal.the Bullyingtrue businessespurpose forof disagreeingthis withLabour-serving laborbill contractis lawsapparent willfor notall maketo the economy strongersee.

Metaculus Prediction

There is a 62% chance that the UK will join the European Economic Area before 2040, according to the Metaculus prediction community.


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