Lords debates Small Business, Enterprise and Employment Bill

03 December 2014

Members of the Lords, including several business leaders and a former employment minister, considered the main purpose and key principles of the Small Business, Enterprise and Employment Bill on Tuesday 2 December.

The wide-ranging bill received broad support, although several  members expressed regret that it was not more ambitious. Peers also identified a number of issues to be considered as the bill makes its way through the Lords. These included:

  • the need for a small business support strategy
  • more opportunities for micro-businesses
  • the question of regional variation and imbalance
  • failures in the credit market, and the problems small businesses face in accessing finance
  • the problem of late payments.  

The bill now moves to committee stage, the chance for line by line scrutiny in the Lords. A date is yet to be scheduled.

Small Business, Enterprise and Employment Bill summary

The bill contains a number of measures including:

  • improved access to finance for small businesses and reducing regulatory requirements
  • further opening up public sector procurement
  • the introduction of a pubs code and adjudicator
  • enhanced transparency in company ownership
  • stronger rules for the disqualification of directors
  • reform of insolvency laws
  • the introduction of a number of reforms to employment law, including banning exclusivity in zero-hours contracts.

Further information

Image: iStockphoto

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