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Stock impact report

U.K. Government Risks ‘Severely Damaging’ Companies’ Willingness To Invest [Forbes]

Smith & Nephew SNATS, Inc. (SNN) 
Last smith & nephew snats, inc. earnings: 8/1 04:05 pm Check Earnings Report
US:NYSE Investor Relations: smithoptics.com
Company Research Source: Forbes
The government's proposed reforms to the U.K.'s employment law will deter both domestic and foreign businesses from recruiting more staff in Britain, the boss of an influential business lobby group has warned. Rupert Soames, president of the , has issued a warning to the government that its Employment Rights Bill, in its current form, “risks severely damaging companies' willingness to invest and grow.” The group argues that the bill, when combined with the government's other recent measures, has saddled the country's businesses with the most significant increase in the cost of employing people in decades. PROMOTED “Businesses will respond rationally to this increased burden: they will hire fewer people and reduce investment,” Soames wrote in The Times on Friday. Soames said all businesses in the U.K. have to be burdened with red tape, just to address the misconduct of a few employers. “Everyone acknowledges there are, unfortunately, bad actors in the labor market — a small Show less Read more
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