Labour workers’ rights concessions to cut cost to business by billions, analysis shows

Updated government assessment says measures will now entail no more than a modest increase' for employers

Labour watering down its sweeping overhaul of workers' rights is expected to slash the cost of the plan for UK businesses by billions of pounds, the government's own analysis shows.

According to an updated Whitehall impact assessment published on Wednesday, concessions by ministers could reduce the cost of the employment rights bill for businesses to about 1bn.