Debate on the Address

I do not disagree with anything that the right hon. Gentleman says on Farepak; many of my constituents are involved. However, we cannot forget the responsibility of the Department of Trade and Industry for regulation. There are clear indications from the collapse in share prices of the companies concerned that something was seriously amiss many months before the collapse happened. During those months, my constituents and the right hon. Gentleman’s constituents were still putting money into Farepak.