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

I shall be extremely brief in setting out my reasons why the hon. Member for Shipley (Philip Davies) is wrong. He set out his argument, first in a convoluted way and then in a precise way, saying that he was satisfied with the regulations. He also said several times that we have an over-regulated economy, but he should reflect on whether we should have a better regulated economy. In my judgment, part of what my hon. Friend the Member for Nottingham, East (Mr. Heppell) is seeking to do would take us down the road of creating better regulation, because he seeks to create a harmonious approach across all types of investor and business.