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Business News - May 2008

Delays On Hip Marketing Requirements

The government have announced a set of measures intended to enhance the benefits of Home Information Packs to the process of buying and selling property, including a delay on the requirement to have a HIP before a property can be marketed.

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Draft Code of Practice on Workplace Discipline and Grievances

Employers should be aware that the government have published a draft code of practice for consultation on the matters of discipline and grievances in the workplace. The revised code aims to save money and time spent on the current disciplinary and grievance procedures by facilitating quicker and easier dispute resolution with the workplace.

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Banks Lose Overdraft Charges Case

The UK’s banks lost the much anticipated and controversial test case last month, against the Office of Fair Trading (OFT) over the fairness of banks’ overdraft charges. The judge that oversaw the case ruled in favour of the OFT as the body with the power to determine the fairness of the charges. 

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Access to Public Contracts for SMEs

As part of the government’s incentive to try to boost business for SMEs, the Department for Business, Enterprise and Regulatory Reform has announced that its public sector website will be free of charge from now until 31st July 2008.

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Changes to Tier Two of New Migrant Worker System

The government are intending to tighten up the rules of the second tier of the Points Based System (PBS) for migrant workers, which is due to be implemented this year. Tier two affects skilled workers from outside the EEA applying for jobs within the UK, and eradicates old entry systems such as the old work permit system.

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