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In this newest episode of Baker McKenzie’s Global Tax Policy Video Series, Kate Alexander, Miles Humphries and Nick Evans discuss recent UK perspectives on Pillar Two. They also discuss what UK businesses are doing now to prepare for implementation of the proposed Pillar Two changes, despite a welcome delay to the UK’s implementation schedule.

The Baker McKenzie London Employment team is delighted to welcome you back to our virtual mini-series, “Employment Rights: is 2022 the year of enforcement?”, with episode four, which is part two of our holiday pay focus during which we’ve explored key considerations for employers who are managing the thorny issue of holiday pay. This episode builds on that discussion with analysis of the Supreme Court’s recent decision in the Harpur Trust v Brazel case, which is likely to require many employers to change the way they calculate holiday pay for atypical workers such as casual, bank and zero hours staff (amongst others).

On 22 July 2022, the UK government published a policy paper entitled “Resilience for the future: The UK’s critical minerals strategy” (UKCMS). The UKCMS outlines how the UK will secure critical mineral supply chains to ensure the energy transition. It also sets out the UK state support for domestic production of critical minerals as well as enabling the supply from third-party nations.

On 27 July 2022, the FCA published its highly anticipated final rules and guidance on the new Consumer Duty, ushering in a fundamental cultural shift in the way that regulated firms will approach and serve customers, and starting the countdown clock for implementation plans across the industry.

Following the government’s recent announcement, Parliament has approved the removal of the prohibition on businesses using temporary workers to cover staff taking part in industrial action and increased the maximum amount of damages that a court can award against a trade union for unlawful strike action. These changes became effective on 21 July 2022.

The Partnership for Global Infrastructure Initiative (PGII) was launched in June 2022 at the G7 Summit in Germany. The PGII is a USD 600 billion lending initiative to fund infrastructure projects in the developing world, with a particular focus on Africa. One of the aims of the initiative is to help address the massive infrastructure investment gap in Africa.

An employment tribunal has held that a claimant’s belief in ethical veganism that extended to taking positive action to reduce or prevent the suffering of animals, which included criminal conduct such as trespassing on private property to expose and remove suffering animals, was not a protected philosophical belief under the Equality Act 2010.