Employment Rights Bill Debate
Full Debate: Read Full DebateGareth Snell
Main Page: Gareth Snell (Labour (Co-op) - Stoke-on-Trent Central)Department Debates - View all Gareth Snell's debates with the Department for Business and Trade
(1 day, 20 hours ago)
Commons Chamber
Bradley Thomas
The hon. Gentleman misses the point that I am making. Currently, there is no financial incentive for very senior executives who cannot exercise any leverage over things such as pay and equity, and the Bill risks clogging up the system. The CEOs of large UK corporations earn a median salary of over £4 million, compared with the £118,000 cap on unfair dismissal claims, so high earners have little incentive to lodge claims. Remove the cap and that incentive becomes glaringly obvious.
Bradley Thomas
I will make progress.
The idea that removing the cap will lead to anything other than a surge in cases is pure fantasy. This lack of understanding shows why the Government must listen to those who know how business works and recognise the devastating consequences that the Bill will have for companies and, crucially, for workers, rather than branding themselves champions of working people while advancing policies that benefit only high-fliers.