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

My hon. Friend is making a powerful point. Does he agree that we have fairly high levels of rights in this country, and it would be counter-productive to pile more burdens on to businesses, which would stop them investing in UK and lead them to invest in countries such as China, with the consequence that the workers in those businesses would have much lower protection in the workplace than they would in the UK under existing legislation?