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Labour's employment rights bill crackdown on zero hours contracts could cost businesses up to £2.9bn a year, new official analysis has found.
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The government's proposed reform of labour law, giving increased worker protections, most notably for those on zero hours contracts, appears to be likely to have counter-intuitive effects. The problem is that the move will increase costs by somewhere between £300m and £2.9bn and this is going to reduce the incentive to hire workers, potentially increasing unemployment.
This is likely to fall most heavily on young workers who lack human capital and experience, and further worsen youth unemployment.