Member

If, however, the employer was not in robust financial health and questions were raised about the financial strength of the employer, that contingent liability would almost certainly be treated by bankers—and probably trade creditors as well—as an actual liability in the calculations that are done on decisions being made on advancing or maintaining lending or advancing trade credit. That would then amplify the problems for a company that was perhaps struggling financially, which would in turn increase the possibility that the employer would be tipped into insolvency. This amendment is potentially very risky, and I hope that the Government will not accept it.