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Gig Economy Set for Regulation Overhaul in UK

Monday, July 10, 2017

A government review into the rapidly changing world of work is to demand a radical overhaul of employment law and new guarantees on the minimum wage. A report by former adviser to Tony Blair, Matthew Taylor, will recommend gig economy workers should receive benefits such as sick pay and holiday leave and be covered by some of the minimum wage requirements. The changes will be aimed at companies such as Uber and Deliveroo, who hire workers in what is being known as a new “dependent contractor” payment. It’s not going to be that difficult to guess what the outcome will be of these suggestions, if they manage to be squeezed through Mrs May’s government then it will be consumers who pay the difference, so prices will rise for those metropolitan types who like a taxi and a takeaway, just as inflationary pressure is starting to bite from the ill judged Brexit experiment. These suggestions are unrealistic and focus on a time when a job was a nine to five affair.

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