Employment Bill [Lords]

I shall probably answer the hon. Gentleman's question when I conclude. My point now is that I would like to know from the Minister whether the Bill provides less regulation or more. I hope that the Minister will answer that question when he winds up. There are new fears in the City. A new survey has found that business leaders in London fear for the competitiveness of the City. The study, conducted by KPMG in partnership with the CBI, found that six out of 10 senior executives believe London's competitiveness is ““under threat””. Richard Reid, the London chairman of KPMG, said that"““after so many promises to reduce damaging red tape, policy-makers have to realise that the burden of unnecessary paperwork is seriously hindering London's success and its ability to just get on and do business in an increasingly competitive world.””" That is exactly why I ask my question. Is there more regulation as a result of the Bill or less?