UK ditches company working time rules in further post-Brexit red tape cuts – City A.M.

Wednesday 08 November 2023 6:00 am

The government is tackling out-of-date UK regulations by amending several post-Brexit retained EU laws ensuring those like working time rules are fit for purpose to further jobs growth.

A reduction of time-consuming reporting requirements and simplified calculations for annual leave and holiday pay under the Working Time Regulations are part of the reforms, as well as streamlining the regulations that come with new-owner business transfers.

Business Minister, Kevin Hollinrake said: These reforms ensure our employment regulations are fit for purpose while maintaining our strong record on workers rights, which are some of the highest in the world.

Seizing these benefits of Brexit, including a saving of 1 billion for businesses, will support the private sector and workers alike and are vital to stimulating economic growth, innovation and job creation.

The proposals arent meant to disrupt UK workers rights, rather than instead remove operational bureaucracy to benefit from post-Brexit freedoms.

FSB National Chair Martin McTague said: We welcome these sensible changes, striking a balance for workers while offering clarity for employers. Its good to see the Government cutting through excessive burdens without losing the benefits of regulations.

Were eager to see a system thats clear-cut, cost-effective and easy for small businesses to roll out, so these announcements are a crucial step forward.

In a statement last month, business secretary Kemi Badenoch said the government would kick off an in-depth review of how regulators work in the UK.

These reforms further the governments bid to strip back red tape and find post-Brexit regulatory advantages.

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UK ditches company working time rules in further post-Brexit red tape cuts - City A.M.