The Prime Minister, Liz Truss, has recently announced new government policy to remove ‘reporting requirements and other regulations’ in connection with workers’ rights from all businesses employing under 500 employees.
However, the scope of this announcement is not yet clear.
At the Conservative party conference this week, Business Secretary Jacob Rees-Mogg appeared to suggest it would apply to all workers’ rights. But according to other sources such as Personnel Today and The Guardian, that is not correct, and it is likely to be limited to reporting requirements such as gender pay gap reporting and executive pay ratios.
Meanwhile, the Financial Times has also reported that consideration is now being given to a proposal to remove all employment rights for employees earning over a certain amount (floated at both £56,000 and £100,000). If that is correct, then it would certainly represent a seismic change to current employment law rights.
Watch this space folks!