The speaker, from the Office of the Director of Loan Market Enforcement, addresses the audience on the topic of government regulation. They outline four main areas of focus: regulation and enforcement in the labour market space, broader considerations of regulation and growth, risks that keep them vigilant, and the future direction of regulation. The office, operational for six and a half years, was created to provide strategic direction to state enforcement bodies. It covers areas such as HRCs, National Minimum Wage Enforcement, Gang Masters and Labor Abuse Authority, and the Employment Agency Standards Inspectorate.
They emphasize the importance of collaboration and coherence among enforcement bodies, aiming for a level playing field for businesses while ensuring flexibility in the labour market. The speaker delves into their recent and upcoming strategies, focusing on improving radar pictures, enforcing regulations effectively, and engaging and supporting businesses and workers. They touch on concerns such as umbrella companies and global supply chain compliance. The speaker also discusses the relationship between regulation and economic growth, highlighting the government’s emphasis on both. The address concludes with a call for industry collaboration and awareness of emerging trends and threats in the labour market compliance landscape.
