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

My hon. Friend is entirely right about that. It is noticeable that Labour Members come from certain parts of different regions of the country and I can guarantee that all regions will benefit from private equity investment to some extent. My perspective is that Yorkshire and the Humber is, outside the south-east, probably the single biggest beneficiary of private equity investment in the country. It is absolutely crucial for my constituents and my local economy that we do nothing to damage that industry.