Legislation constrains people and businesses by defining the boundaries of what is permitted and what is not. When laws change, we must adapt to comply, avoid infringements, and use opportunities.
The laws of the UK act as a legal framework within which businesses should operate. These laws govern how businesses handle employees, organise activities, and engage customers.
Example UK laws affecting business
National Minimum Wage Act 1998
The National Minimum Wage Act declares the minimum hourly pay that every employed worker in the UK is entitled to. It is age-related. No employers in the UK are exempt from this ruling; it applies to all employers. When the national minimum wage increases, all employers who pay workers the hourly minimum wage must increase wages accordingly. This increases the staff costs.
Consumer Rights Act 2015
The Consumer Rights Act 2015 preserves the entitlements of UK consumers when buying products or services. For example, concerning products bought online, the act grants consumers a 14-day cooling-off period during which consumers can return goods for a full refund or replacement.
Health and Safety at Work etc. Act 1974
Health and Safety at Work etc. Act 1974 holds employers accountable for providing adequate staff training in health and safety procedures. It also requires workplaces to be maintained properly to ensure safe environments for staff and visitors. Many other provisions exist under this act, charging workplaces with responsibility for the health and safety of operatives and guests.