HR and business experts have weighed in on last week’s mini-budget, with one warning that the announcement could have a "drastic" impact on one of HR’s most important remits.
Chancellor Kwasi Kwarteng outlined several key changes on Friday morning, with the headlines largely taken up by the controversial decision to scrap the cap on bankers’ bonuses and reduce the income tax rate for the UK’s highest earners.
However, there were also key announcements that will significantly impact employers – not from a tax and operational perspective – but in the rights of their workforce and their obligations as an employer, since employment laws derived from the EU are now all subject to change or removal. This includes:
Working Time Regulations
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