All the latest business news…
Today we round up all of the latest business news. From an overhaul in employment law and changes to parental leave, to Companies House becoming an aggressive gatekeeper – we’ve got it covered.
Government Unveils Roadmap for Employment Rights Bill
Following publication of the Employment Rights Bill in October 2024, the government has published a comprehensive implementation roadmap. The roadmap outlines a phased timeline for one of the most significant overhauls of UK employment law in decades.
Aimed at raising living standards and strengthening workplace protections, it’s estimated that the reforms will affect around 15 million workers, or half of the UK workforce.
The legislation is part of the Government’s plan to Make Work Pay, as well as its Plan for Change. It introduces new entitlements for employees, creates new enforcement mechanisms, and sets out clearer obligations for employers.
The Bill, which has passed through the House of Commons, is now at the Report Stage in the House of Lords.
Key Changes and Implementation Timeline
The Employment Rights Bill will be introduced in phases, beginning shortly after its passage through Parliament and extending into 2027. The government has said this staged approach is intended to give businesses the clarity and lead time needed to plan and adjust.
Here’s a broad outline of when key changes are likely to take effect.
Immediate (once granted Royal Assent):
- Repeal of the Strikes (Minimum Service Levels) Act 2023 and most of the Trade Union Act 2016.
- Protections against dismissal for workers involved in industrial action.
From April 2026:
- Statutory Sick Pay (SSP) eligibility extended by removing the lower earnings limit and waiting period.
- Day one rights to paternity leave and unpaid parental leave.
- New whistleblowing protections.
- Creation of the Fair Work Agency to enforce employment rights.
- Doubling the maximum period of the protective award in cases of collective redundancy.
- A package of trade union measures, including simplifying recognition processes and electronic and workplace ballots.
From October 2026:
- Legislation to ban fire and rehire practices.
- Establishment of a fair pay agreement negotiating body for adult social care in England.
- Strengthened tipping laws, requiring consultation with workers on fair distribution.
- Employers required to take “all reasonable steps” to prevent sexual harassment.
- New duties on employers to prevent third-party harassment.
- Further trade union rights and protections, including stronger safeguards for union reps.
In 2027:
- Enhanced dismissal protections for pregnant women and new mothers.
- Bereavement leave for workers.
- End to exploitative zero-hours contracts, with requirements for predictable hours.
- ‘Day one’ rights to unfair dismissal protection.
- Expanded access to flexible working arrangements.
- Gender pay gap and menopause action plans (to be introduced on a voluntary basis in April 2026).
- Clarified requirements for preventing workplace harassment.
- A modern framework for industrial relations.
Business Implications
For employers, the roadmap presents a number of changes that will require preparing for and adapting to over the coming months and years. The Government has stated it will publish detailed guidance ahead of each implementation date, alongside additional support via organisations such as Acas.
The reforms are likely to increase employers’ responsibilities in areas such as record-keeping, employee relations, and compliance with new procedural standards. Hospitality, social care, and retail businesses, which often rely on flexible contracts or lower-paid workforces, may experience particular impacts.
With some measures coming into effect from April 2026, you may wish to begin reviewing your HR strategies, employment contracts, and risk management practices now.
The roadmap also signals a shift in the relationship between employers and trade unions, with increased access rights and simplified processes for recognition and balloting. The expansion of employment protections from day one represents a significant departure from the current law.
Looking Ahead
Having clear timelines and advance publication of guidance should help with navigating the changes. There are also indications that there will be further consultations in some areas to make sure that the measures implemented will be practical.
For further information and full timelines, see: https://www.gov.uk/government/publications/implementing-the-employment-rights-bill
Progress as Companies House Reforms Target Economic Crime
Companies House is undergoing a major transformation following the introduction of the Economic Crime and Corporate Transparency Act 2023 (ECCTA). Backed by new legislative powers, the agency is shifting from a passive registrar to an active gatekeeper – taking direct action against fraud, money laundering, and misuse of the UK’s corporate framework.
A newly published progress report highlights the scale and impact of this reform so far. Key achievements include:
- Querying or removing misleading or false information affecting over 100,000 companies.
- Blocking over 10,000 suspicious company applications, including mass incorporations at single addresses – a known red flag for money laundering.
- Supporting law enforcement efforts to identify around £50 million in UK property tied to organised crime.
- Collaborating internationally in Europol’s Asset Sprint to help seize criminal assets globally.
- Issuing around 850 intelligence reports to UK law enforcement agencies using new internal capabilities.
Mandatory Identity Verification
The changes being brought about by the ECCTA mark a new era of corporate regulation in the UK. While the new measures are primarily aimed at deterring criminal activity, they also raise the bar for all companies in terms of compliance and the accuracy of information filed with Companies House.
A key upcoming development is mandatory identity verification for company directors and persons with significant control (PSCs) – this is expected to become mandatory by autumn 2025. However, Companies House have already begun contacting many companies to encourage voluntarily starting the process early.
How We Can Help
Our company secretarial services are designed to help businesses stay compliant and adapt to these evolving requirements with confidence. Whether you need support with director and PSC filings, maintaining statutory registers, or preparing for the upcoming identity verification rules, we can help you stay on the right side of regulation while focusing on what matters most – running your business.
If you’re concerned about how these changes may affect your company, or simply want to ensure you’re fully prepared, get in touch with our team today. We will be happy to help you!
Big Changes Could Be Coming to Parental Leave – What Employers Should Know
The government has launched a full review of the UK’s parental leave and pay system, aiming to make it fairer, simpler and better suited to the needs of modern families.
This is part of the government’s wider ‘Plan to Make Work Pay, and it could lead to significant reforms in how maternity, paternity and shared parental leave work – with the potential to affect businesses and employers across the country.
Why now?
The review comes in response to growing concern that the current system is complicated and unaffordable for many families – especially new fathers and partners. Currently, one in three dads don’t take paternity leave, often because they simply can’t afford to. Shared parental leave is available but uptake remains very low.
What’s being reviewed?
The Government will be looking at the whole parental leave system, from maternity and paternity leave through to shared parental leave. The goal is to make the system work better for both parents and employers.
What this might mean for you
If you employ staff, particularly younger adults or growing families, this review could eventually lead to changes in your statutory obligations. It might mean:
- Higher levels of statutory pay
- Longer periods of paid leave for both parents
- Changes to how shared leave works and is applied for
But it could also mean simpler rules to navigate, which would be welcome for many employers!
It’s worth keeping in mind that these changes won’t happen overnight. The review will gather views from parents, businesses and experts across the country before any new policies are introduced.
What can you do now?
Right now, there’s no action required – but it’s worth keeping this on your radar. Here are a few tips:
- Stay informed: If draft proposals come out later this year, there may be a chance to have your say.
- Review your current policies: Make sure your employee handbook or contracts reflect the current legal entitlements correctly – especially if you haven’t looked at them in a while.
- Be prepared for change: While we don’t know the final shape of any reforms, there’s a clear signal that better support for working parents is a priority for the Government.
See: https://www.gov.uk/government/news/landmark-review-of-parental-leave-launched
UK House Prices See Sharp Monthly Drop Amid Stamp Duty Reforms
UK house prices recorded their steepest monthly fall in over two years in June, according to the latest data from mortgage lender Nationwide. Prices declined by 0.8%, marking the largest drop since February 2023.
While annual growth remained positive at 2.1%, this was the slowest year-on-year increase in nearly 12 months. The downturn appears to reflect cooling demand in the wake of stamp duty threshold changes introduced in April.
Stamp Duty Changes and Market Adjustment
The stamp duty reforms mean that homebuyers in England and Northern Ireland now start paying the tax on properties over £125,000, down from the previous threshold of £250,000. First-time buyers also saw their exemption limit reduced, which has likely dampened enthusiasm, especially in lower to mid-range property brackets.
The reforms prompted a surge in transactions before the deadline, leading to a temporary drop-off in activity afterward – a trend many analysts suggest will be short-lived.
Outlook for the Housing Market
Despite the June dip, forecasters including Nationwide expect activity to rebound in the coming months. Factors supporting the market include:
- Low unemployment
- Earnings continuing to outpace inflation
- Potential interest rate cuts from the Bank of England later this year
Recent increases in mortgage approvals point toward a possible stabilisation or recovery in the second half of the year.
Implications for Businesses
For businesses, the short-term dip in house prices and transaction volumes may signal temporary caution among consumers.
However, the broader economic indicators suggest that this is more of a pause than a downturn.