The Arculus Review: cutting employment rights?
The Tory commissioned Arculus Review: Enabling Enterprise, Encouraging Responsibility is due to be published today, and will apparently tell us how Government can save £100bn plus by cutting regulation. Full analysis of the gems it will certainly contain (and the likely lack of analysis as to the economic benefits that regulation brings) when it arrives – Richard Murphy has already made some educated guesses.
A taster is provided by the BCC’s “Business Burdens Barometer“, which features regulatory costs including £100m for tax credits, £27m for providing part-time workers with the same rights as their full-time colleagues, £53m for flexible working rights, £165m for the Child Trust Fund and £13m for regulation regarding the control of asbestos at work. Concerningly, the BCC estimate of the cost (no benefits are featured) of these irritating employment rights is only three quarters of the amount the Arculus Review is proposing could be cut.