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FPB: New raft of laws from Saturday (Oct 1) will cost smaller transport firms dearly.

Publication: M2 Presswire
Publication Date: 30-SEP-05 		Format: Online - approximately 1078 words
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-30 September 2005-FORUM OF PRIVATE BUSINESS: FPB: New raft of laws from Saturday (Oct 1) will cost smaller transport firms dearly(C)1994-2005 M2 COMMUNICATIONS LTD

RDATE:30092005

A whole new raft of laws enhancing workers' rights come into force on Saturday (October 1) that will cost smaller transport firms dearly.

So says leading business pressure group, The Forum of Private Business (FPB) which champions the case for more than 25,000 private firms nationwide.

Minimum wage

The FPB's Chief Executive Nick Goulding said he is gravely concerned that the rise in the national minimum rate for adults from GBP4.85 to GBP5.05 per hour will cause businesses real pain as it represents a 40 per cent increase in just five years. The rate for workers aged 18 to 21 will also rise to GBP4.25 per hour .

"An FPB survey earlier this year revealed that a massive 64 per cent of the firms believe this further increase in the minimum wage will have...

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