Private Equity (Transfer of Undertakings and Protection of Employment) Bill

To help the hon. Gentleman get his train of thought back, his Bill says that it would apply to ““substantial”” share ownership. However, a 1 per cent. holding in BP, for example, might be considered substantial because of the sums involved, whereas a 1 per cent. holding in a small firm might be tiny, so could he say what ““substantial shareholdings”” means?