Brexit LIVE: £1bn extra just like that! Boris to SCRAP hated EU law – despite Labour fury

Brexit: Fishing manager blames HMRC for paperwork delays

Under a huge Brexit overhaul, the Prime Minister is looking to adjust labour market rules now the UK is finally free from the EU. Top among the raft of new measures is a push from the Government to remove the arbitrary requirement for businesses to log daily reporting of working hours. By scrapping this requirement, the UK estimates it could save £1billion. 

There are also plans to remove the 48-hour working week in order to liberalise the sector. 

Deputy head of the Adam Smith Institute, Matt Kilcoyne, welcomed the move, stating the current provisions from the EU are a “straitjacket on the economy”. 

Amid concern this could jeopardise workers’ rights and freedoms, the UK Government has insisted it will continue to lead the way in the sector. 

A UK Government spokesperson told the Financial Times: “The UK has one of the best workers’ rights records in the world.

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“Leaving the EU allows us to continue to be a standard-setter and protect and enhance UK workers’ rights.”

The Government has also pointed to the UK offering 5.6 weeks of annual leave, as opposed to the EU’s four, in a sign of Britain’s high standards. 

Following the story, Labour Ed Miliband, Shadow Business Secretary, claimed the new laws were a “disgrace”. 

He accused the Government of taking a “sledgehammer to workers’ rights” in a furious outburst at Mr Johnson. 

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7.32am update: Boris Johnson to free up £1billion in new move 

The Prime Minister is set to free up £1billion by scrapping the need for employers to report daily working hours. 

The UK Government is also looking at proposals to end the 48-hour working week, which Matt Kilcoyne of the Adam Smith told the Financial Times, was a “straitjacket” for the economy. 

Despite fears this may jeopardise workers’ rights, Government officials have moved to state the UK is a leader in the market which is illustrated by Britain’s offering of 5.6 week annual leave as opposed to the EU’s four. 

A UK Government spokesperson said: “The UK has one of the best workers’ rights records in the world. 

“Leaving the EU allows us to continue to be a standard-setter and protect and enhance UK workers’ rights.”

The move would mean divergence from Eu standards but Brussels can only impose retaliatory tariffs under the Brexit deal if it finds that the move demonstrate a material change in competition. 

But Ed Miliband, Labour’s business secretary, condemned the plan as a “disgrace”.

He said: “In the midst of the worst economic crisis in three centuries, ministers are preparing to tear up their promises to the British people and taking a sledgehammer to workers’ rights.”

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