Employment laws such as TUPE are disincentivising rescues of UK companies in irony worthy of the Greeks, writes Stephen Phillips

Every effort is made to ensure Oedipus, the son of the Theban King and Queen, does not fulfil his fate, which is to kill his father and marry his mother. He is given away as a baby after the Oracles predict his destiny. The irony is that it’s the effort to avoid Oedipus’ fate which precipitates the tragedy – giving him away means he doesn’t recognise his parents.

In an irony redolent of a Greek tragedy, employment legislation intended to preserve jobs has often inadvertently resulted in job destruction.

TUPE and the insolvency irony

The Transfer of Undertakings (Protection of Employment) Regulations (TUPE) is designed to safeguard employees during business transfers. Employee contracts are not terminated when a TUPE........

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