UK Parliament / Open data

Welsh Affairs

Proceeding contribution from Lembit Opik (Liberal Democrat) in the House of Commons on Thursday, 26 February 2009. It occurred during Debate on Welsh Affairs.
I am grateful for the hon. Lady's generosity and I shall try not to storm out in a fit of pique. Does the hon. Lady agree that the fees that the receivers and administrators charge when a company closes are stupendous? They can be up to £760 an hour for an individual member of a company's work force. Does she agree that one of the problems that arise when a company shuts is that a significant proportion of the assets, which the staff would reasonably like to go towards their pensions and paying their debts, go to the receivers?
Type
Proceeding contribution
Reference
488 c418 
Session
2008-09
Chamber / Committee
House of Commons chamber
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