Business groups urge Tory peers to stop blocking Labour’s workers’ rights bill

AI Summary
Major British business groups are urging Conservative members of the House of Lords to approve Labour's workers' rights bill before Parliament adjourns. Six employer groups, including the CBI and BCC, warn that failure to pass the bill risks jeopardizing a compromise deal reached with trade unions. The bill includes a compromise six-month waiting period for unfair dismissal protection, a concession that angered some Labour MPs. Tory peers are blocking the bill due to concerns over lifting the cap on compensation claims for unfair dismissal, fearing unlimited payouts for high earners, particularly in the financial sector. TheCityUK has expressed concern that this could deter investment and make hiring more cautious. Ministers have stated that they will not make any further compromises.
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