EU to scrap overtime
The country is seeing one of it’s worst financial break down for generations, and many families in the UK are struggling to survive in this heated financial climate. Unemployment in this country is reaching the region of 2 million, and could see it reach 3 million by the end of next year top economist say, and no bail out or government planning can change this fact.
With so many people up and down the country struggling to live on the amount they are paid, this is the time were people would go in to do more over time to get more money to help them survive, with many people losing there homes and struggling to pay back bad debt, news from the EU of scraping the 48 hour week could have a damaging effect on everyone who used to put in those extra hours to help towards paying bills and food shopping. From next year that could all change with fears that the 48 hour week could be scraped all together. The UK is the only country in the EU apart from Latvia that does the longest amount of over time and this could of be a thing of the past, if European ministers have their way.
Struggling companies who are suffering from the recession say that they will be hit very hard from the news that people will no longer be liable to work extra hours, and would have a massive effect on businesses all around the country. With so many companies struggling as it is, this would be another massive blow for the UK economy, a blow that couldn’t of happened at a worse possible time. The only countries that come close to doing the highest amount of hours in the EU is Latvia, and out side the EU Australia is the only other countries who allow longer periods of work, to allow employees to earn more money.
If plans were to go through, this could cripple an already damaged UK economy.
