New workers' rights to cost businesses £5bn a year, government says

Labour's plans to upgrade workers' rights will cost businesses up to £5bn a year to implement, according to the government's own analysis.The new measures would have a disproportionate impact on smaller businesses, responsible for employing 13 million workers, the impact assessment report found.However, the £5bn represented a "modest" amount, less than 1.5% of the total amount spent by businesses on employing…