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    On the other hand the CBI also favour EU membership along with the right of Bulgarians and Romanians to move here and seek employment. I'm sure the CBI chief understands the result of excessive elasticity of supply when applied to the workforce, and its consequent effect on wage levels.

    I can just see all our large companies saying: Minimum wage? We don't want to give you that! Here, have ten quid an hour instead of 6.31. Not.

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