A leaked report for the Government by venture capitalist Adrian Beecroft claims that unfair dismissal law is holding back economic growth. The report says that employers should be given the right to dismiss underperforming employees without explanation.
This report forms part of the general noise about regulation holding back the economy. We don’t know yet whether Adrian Beecroft will present any evidence to demonstrate the impact of unfair dismissal laws on economic growth but he will have a tough job to do so. We already know that Britain has some of the least onerous employment laws in the developed world and that many of the countries with tougher regulations still manage to grow much faster than the UK.
