Prime Minister Andy Burnham has announced intentions to restrict non-compete clauses in job contracts, stating they hinder innovation and employee mobility. He highlighted that these clauses affect approximately 5 million jobs in the UK, often leaving workers without pay after leaving their positions.
Burnham's government aims to introduce new legislation to eliminate these barriers, particularly benefiting start-ups and growing firms. Further details are expected to be revealed alongside the upcoming Budget on October 28, which will also address tax incentives for businesses.