By Maria Ward-Brennan British businesses are set to face around £5bn in additional costs annually as a result of the new workers’ rights legislation, with smaller businesses in hospitality and retail set to hit the hardest. As set out in a newly released economic analysis by the government, the new policies within the Employment Rights Bill will hit businesses’ pockets. Earlier this month, Labour revealed their package of employment reform, which included 28 individual measures, including ending exploitative zero-hour contracts and banning fire and rehire tactics. The report offered a breakdow…