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Her comments come after a firm linked to the peer was ordered to pay £122m over a Covid-19 contract.
Ken Murphy says he does not want more costs to be added onto business, and calls for a "pro-growth" Budget.
The Danish government says it "strongly disagrees with the premises of the judgment and is now seeking to appeal it".
London & Valley Water, a consortium of investors, plans to write off some of the company's huge debts.
A BBC investigation reveals thousands of workers are still missing out on tribunal payouts.