(1 year, 10 months ago)
Lords ChamberI have not seen the comments which the noble Baroness attributes to the director-general of the CBI, but I will certainly look at them. However, I am not sure how our repealing redundant pieces of legislation in this House affects overseas markets.
My Lords, as there are different ways of encouraging growth, is it not absurd to carry out an exercise that adds uncertainty to both sides of industry and creates a barrier to initiative?
All new legislation provides some uncertainty until it has been agreed by Parliament. I will put it another way: if there are redundant acts on the statute book and overregulation, that is good for business and industry. Of course we will consider each of those items of regulation in turn and look at them closely. We will repeal those that can be repealed and will improve and modify those that can be improved or modified.
(2 years, 4 months ago)
Lords ChamberI am grateful that the right reverend Prelate recognises the increase in the minimum wage, which is good for so many of the lowest paid workers. It is important for those at the top of businesses to take a lead: they want to take their employees with them and to provide a good service to their customers, and all employers should bear that in mind.
My Lords, the Minister is of course quite right when he says that the trade unions are not as powerful as they were during the last period of inflation, but they are still a very important element in the economy, and if the Government are to be seen to be tackling the cost of living crisis effectively, they really need to be able to show that they are seeking the opinions, advice and support of all sections of the community, and that includes the trade unions.
My ministerial colleague, the Minister for Small Business, regularly meets with the trade unions. Another meeting is planned, I believe, in the next few weeks. So yes, of course it is important to gauge the opinion of trade unions, but I did not use the word “powerful”; I said they were a minority interest. I repeat: only 13% of workers in the private sector, the most productive sector of the economy, are now in trade unions.