A new bill that recommends legislative changes to “fix” music streaming in the U.K. has ruffled a number of feathers, including those of former EMI Chairman and CEO, Tony Wadsworth.

In an op-ed for The Times, Wadsworth, who is also former chairman of record label trade body BPI, says the bill (which can be read through here) poses a threat to the music industry’s renaissance.

Wadsworth says the proposals would “cripple the amount of investment labels are able to make in new artists, especially at smaller independent companies.”

“If adopted,” he writes, “these proposals would create huge uncertainty, a mountain of red tape and make the U.K. a terrible place for investment in music.”

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