Burnham promises to curb non-compete rules in job contracts

Burnham signalled his intention to curb non‑compete clauses in employment contracts, though he did not specify the scope of the restrictions he is planning, saying they would apply to the “everyday economy” and assist promising start‑ups and scaling firms. It is understood that the authorities are preparing to unveil details of the proposed restrictions, which were first reported by Politico and the Financial Times, alongside the Budget on 28 October. The former Conservative government had ruled out a full ban on non‑compete clauses after employers warned that such a move could undermine capital confidence in the UK or prompt firms to tighten internal information sharing. Burnham framed the announcement as part of a wider government drive to boost innovative sectors of the economy. He told the summit that although the UK hosts outstanding research and start‑ups, too many firms have moved abroad in search of investment. He also signalled that the government will “say more” at the Budget about plans to use national concern as a means to encourage private backing in the economy. He added that he wants every UK region to have a dedicated fund to achieve this, modelled on the Good Growth Fund launched in Greater Manchester last year during his tenure as mayor of the city‑region. He also hinted that the government is examining the tax strategy to ensure the UK can retain high‑growth companies. He said: "One of our biggest challenges is breaking done our ain ceiling. Too often, our champion ideas are developed and scaled overseas, and with it the jobs, exertion and concern that goes with them." '"So I cognize determination is much to bash to hole that, specifically connected tax, to promote radical to enactment and scale." ' Read the full story at BBC News →