If I may, I think the committee has already been presented with any number of studies that have addressed the question from an academic point of view. I think I'd come at it from a very practical point of view. Simply, if you tilt the balance it will have an impact on the margins, things like cost, and because of the profiles of some of these sectors, it may have a reputational impact on foreign investment in particular.
The point is, can the economy grow well even with such a law in place? Sure, but it doesn't mean the economic cycle is dead. The question is whether this legislation is going to help the economy grow faster when it's going well. Is it going to make recessions less painful when those come along? Even though we haven't had one in 15 years, I'm sure we will at some point. Again, is this change in the balance something that's going to make growth stronger and recessions less serious? Is it going to help attract investment, or is it going to discourage investment? I think from a directional point of view, the answer is pretty obvious. You make labour markets more rigid, you make things more expensive, you increase risks, and people are more likely to stay away. What percentage? As I said, you can look at any number of academics and get answers to that, but when we're looking at a piece of legislation, the question is whether it is a mistake or not.