Member

I turn now to Amendment 159. Operating in every region, sector and international market, we are committed to supporting SMEs and the 12.7 million people who work for them. But the idea that SMEs cannot afford day-one rights does not reflect the full picture. Fundamental rights from day one, such as protection from unfair dismissal, sick pay and flexible working, create a more stable and motivated workforce. Fair treatment is not just good policy; it is good business. Stress, depression and anxiety led to 17.1 million lost days in 2022-23, the equivalent of something like £5.2 billion of lost economic output. High staff turnover, poor morale and burnout are far more costly than simply doing the right thing and upholding the fair treatment of workers.