The Forum of Private Business (FPB) has stated that limiting the flow of new regulations from the government and European legislators could give businesses in Northern Ireland and the rest of the UK much needed breathing space.

According to FPB spokesperson Phil McCabe, a commitment to such a development would be welcome because "time-consuming bureaucracy is threatening firms' ability to recruit and retain staff".

He went on to state that the red tape is adding to rising unemployment, adding "a moratorium on new employment law would provide some degree of respite and allow struggling firms to better focus on staying alive".

The organisation has been pushing for measures to help struggling firms keep their employees, such as changing existing Working Tax Credits Scheme to enable the adoption of short-time working initiatives.

Mr McCabe was reacting to the British Chambers of Commerce's European manifesto ahead of elections on June 4th, which urged the EU to put business at the heart of its agenda.

Drew Nesbitt, a member of the commercial department at Wilson Nesbitt Solicitors stated that "as the regulatory environment is always changing employers should ensure that they keep up to date with regulatory requirements to ensure that they are not unknowingly at risk of a claim by disgruntled employees, suppliers or competitors."
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