SHORTER READ

Employment law for employees & Employment law for employers

The Queen’s Speech

SHORTER READ

Here we outline the key announcements relating to  Business and Employment law.

1 minute read

12 May 2022

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Authors

Rhiannon Thompson

Associate

Talk to Rhiannon about Commercial disputes

Daniel Zona

Associate

Talk to Daniel about Employment law for employers & Employment law for employees

Tuesday’s Queen’s Speech outlined the UK government’s agenda for the upcoming parliamentary session. Among the key policy announcements in relation to business and employment were:

  • Plans for a bill that will give British ports powers to refuse entry to ferry services that do not pay their workers the national minimum wage. This is part of the government’s response to the well-publicised issues with P&O Ferries who made their crews redundant without consultation and hired agency worker to undertake the work at much lower wages.
  • A planned Data Reform bill to enable the UK to deviate from EU data protection rules. It is expected that the draft bill will be published in the summer and it is part of a wider set of data protection reforms with the stated aim of reducing ‘red tape’ and costs.
  • A new Economic Crime and Corporate Transparency Bill that will increase the investigatory powers of Companies House and introduce identity verification for people who own and control UK companies.
  • A Levelling Up and Regeneration Bill which will include new planning powers for local authorities to bring empty shops back into use. News of this controversial bill leaked to the press earlier this week and received some criticism from interested groups.
  • An Audit Reform Bill that will establish a new statutory regulator with powers to enforce directors’ financial reporting duties.
  • A Financial Service and Markets Bill that is intended to simplify EU rules in the financial sector and reform regulation of the UK capital markets.

At this stage many of the details remain to be announced and so it is a question of ‘watch this space’ to see how the government’s policy agenda will be implemented in practical terms.

12 May 2022

Authors

Rhiannon Thompson

Associate

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Daniel Zona

Associate

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Rhiannon Thompson

Associate

rhiannon.thompson@collyerbristow.com



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