Member

I turn to Amendment 75. As I have mentioned, the Government’s own impact assessment has stated that small businesses will face a disproportionate cost as a result of measures in this Bill. The £5 billion figure cited in that assessment is, in our view, likely to be an understatement. It relates almost entirely to increased administrative burdens while failing to calculate the significant knock-on effects on business costs and hiring behaviour, in particular the impact of making it more expensive to employ people.