My Lords, I will respond to the comment of the noble Lord, Lord Deben, because it is important that we understand the perceptions of business, as referred to by the Minister in the earlier debate.
According to the research that we do on a regular basis, businesses believe that regulation is an obstacle to economic growth. We carry out surveys every six months or so. Five years ago, 60% of businesses believed that regulation was an obstacle to economic growth. In our most recent survey, that figure has dropped to 50%. So 50% of businesses still believe that regulation is an obstacle to economic growth. Of course, what they would like in many cases is to remove large swathes of regulation. Clearly, that is just not possible. We influence business perceptions by removing small pieces of regulation over the years through measures such as this.
This is a small piece of regulation, of course, but it is the accumulation of small pieces of regulation that influences business perceptions. I do not for one moment want to open another debate but the perception that the world of regulation—the environment within which businesses operate—is improving is consistent with improvements in employment and economic growth.