I am not surprised that the hon. Member for Streatham, who speaks very eloquently, expresses his support for employee and share ownership, but neither am I surprised that while expressing their support the Opposition will probably vote against it.
I want to leave the House with one thought. We all want Britain to succeed. We know, from the statistics that we have traded across the Floor many times, that growth will come from the small and medium-sized enterprises that dominate our economy. The small businesses that I believe will take up this offer—I believe the Government also recognise this—will become the medium enterprises that are so critical to our growth.
One of the most significant features of the current recession has been the flexibility in the labour market. In contrast to the ’80s, when there were widespread redundancies, as people were just laid off, we have seen remarkable flexibility and partnership between management and employees, with reduced working hours and pay. It has been a great tribute to employees and management. That flexibility has been proven to work. Would not the temptation be, under these proposals, simply to get rid of those staff?
No responsible employer would ever relish the prospect of losing the experience that he has invested in to help to develop his business. I have had the pleasure of offering people jobs and of recognising that in some cases, if they have come from unemployment, it can be a life-changing experience for them. However, I have also shared the pain of having to lose people, often through no fault of their own, and I will take no lectures from anyone about how employers relish losing people. It does not happen.