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

That brings me back to a question I asked earlier about whether Lord Jones had been consulted. Clearly the Government have one view, and Digby Jones normally has another view. At least we can have confidence in what he says, because he has been involved in industry for many years. I think that everyone respects his opinions. The CBI, the organisation that he used to head, has said that there is no logic in applying TUPE to private equity transfers, because sufficient protections for employees already exist. I hope the Minister will say something about that. If the legislation already protects workers irrespective of how their company is taken over, why should we introduce legislation that may duplicate what already exists?