According to a survey by Humyo.com, over 65% of small firms are unaware of this change which takes the total holiday entitlement to 28 days a year.
Given that the minimum wage is currently £5.73 an hour, the extra cost annually comes to £172 per worker – that’s £1.9 billion when spread across the whole economy.
Two-thirds of small firms object to this recent change in view of the economic downturn. 50% said that freezing the current holiday entitlement would help them survive the recession.
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