Angela Rayner has gone but she’s left a nasty mess behind – it’ll cost you £1,000

Angela Rayner's Employment Rights Bill, a significant legislative achievement, is predicted to have a detrimental impact on the UK economy, costing every individual up to £1,000 annually. The bill removes probationary periods for employees, meaning employers may be unable to dismiss underperforming or unsuitable hires, leading to potential indefinite retention of such individuals. This change is expected to increase employment tribunal claims, with an estimated annual cost of £5 billion. The bill is also anticipated to deter businesses from hiring, particularly younger workers, thereby increasing unemployment and reducing wages. Independent economists from the Growth Commission project that Rayner's bill could decrease GDP per person by 1.4% to 2.8% within a decade, resulting in a total economic hit of £38 billion to £76 billion. Critics, including the Resolution Foundation, a left-leaning think tank, also ex... download the app to read more