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Business has “nothing to fear” from Labour’s workers’ rights package, Rachel Reeves has insisted, as she vowed to press ahead with radical reforms to employment.
The shadow chancellor outlined a series of concessions designed to avoid “unforeseen adverse consequences” from the reforms and mitigate the impact on business, but argued that there was “a mountain of economic evidence” that giving workers more rights would improve productivity.
In a speech to the Association of British Insurers, a trade association, in London, Reeves accused Rishi Sunak of peddling an “economic fiction”, as the prime minister hopes to boast about Britain’s emergence from recession, falling inflation and the prospect of interest rate cuts. She poured scorn on the idea of “doing a victory lap over going from negative growth to no growth”, saying ministers were “content to be the managers of decline”.
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