We have considered carefully the selective employment premium and its effect on jobs. Our advice is that it will have no effect at all. The hon. Gentleman must look at the matter in its proper context. When the selective employment premium was first introduced in 1967–68, it represented £3·12p against an average industrial wage of £19 a week. It was a significant factor in influencing the question whether employers took on people and kept them. Today, it is £2 against an average industrial wage of between £89 and £90 a week. That pales into insignificance as an incentive, or lack of incentive, in the retention or creation of new jobs.