My hon. Friend raises a superb point. Our aspiration to take corporation tax, which is already among the lowest in the G8 and the G20 at 23%, down to 20% is fantastic. The money should stay in the businesses, so that they can afford to pay their employees.
I have two superb employers, amongst many, in my constituency that make a point of ensuring that I am aware of what is going on. Nobody earns less than £7 an hour at Nestlé and there will be nearly 1,000 workers there. The second company, Faccenda, which is a turkey processing plant, has 400 employees. Nobody there earns less than £7 an hour and most earn far more than that. Companies realise that they do very well if they pay their employees well, but they can only do that if they do not have layers of regulation, layers of red tape and layers of “the Labour party knows best”. That is the old days. That is the ’70s.