Overview

• The IoD survey shows 72% of business leaders expect the bill to harm the UK economy if passed without amendments.
• Nearly half of bosses said they would scale back hiring and 36% would outsource roles overseas in response to the proposed reforms.
• More than half of surveyed directors plan to increase automation to offset costs from measures such as day-one sick pay and enhanced unfair dismissal protections.
• A quarter of business leaders indicated the legislation would make redundancies more likely, adding pressure to the labour market.
• Ministers have pledged to continue consulting employers and refining the bill’s provisions as the House of Lords scrutinises its measures.