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To help the Committee, I draw hon. Members’ attention to pages 26 and 27 of the impact assessment, paragraphs 5.20 to 5.27, which deal with the costs to employers. The impact assessment states:
It then goes on to deal with medium-sized firms, small firms and the sorts of assumption made. I particularly advise looking at paragraph 5.27, which talks about the fact that the new arrangements are not coming in for some time. That allows large businesses in particular to adjust to what is going to happen over the next five years and to respond accordingly.