Business, Innovation and Skills written question – answered at on 4 March 2013.
Chuka Umunna
Shadow Secretary of State for Business, Innovation and Skills
To ask the Secretary of State for Business, Innovation and Skills pursuant to the answer of 18 December 2012, Official Report, column 729W, on employee ownership, what estimate he has made of the total costs to businesses of familiarising themselves with the amended Employment Rights Act 1996 regardless of whether they use the employee shareholder status or not.
Jo Swinson
The Parliamentary Under-Secretary of State for Women and Equalities, The Parliamentary Under-Secretary of State for Business, Innovation and Skills
The calculation of the total cost to business of familiarisation with the amended Employment Rights Act 1996, in relation to the employee shareholder employment status, has not yet been carried out.
It is our intention to publish an updated impact assessment to the employment status before coming into law, which includes this calculation.
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