Private Equity (Transfer of Undertakings and Protection of Employment) Bill. Second reading debate. Motion that Bill be read a second time withdrawn. Bill withdrawn.
Private Equity (Transfer of Undertakings and Protection of Employment) Bill
Debate on bills on Friday, 7 March 2008,
in the House of Commons,
led by John Heppell.
The answering
member was Pat McFadden.
Type
Parliamentary proceeding
Reference
472 c2031-94 
Session
2007-08
Legislative stage
Second reading
Chamber / Committee
House of Commons chamber
Private Equity (Transfer of Undertakings and Protection of Employment) Bill.
Wednesday, 5 December 2007
Bills
House of Commons
Wednesday, 5 December 2007
Bills
House of Commons
Proceeding contributions
John Heppell | 472 c2050;472 c2048 (Link to this contribution)
The hon. Gentleman misunderstands me. I am not talking about the private equity industry, but indust...
Philip Davies | 472 c2050;472 c2048 (Link to this contribution)
Yes, I am quite happy with the current arrangements across the board. I am not arguing for any chang...
Show all contributions (173)
John Heppell | 472 c2050-1;472 c2048-9 (Link to this contribution)
We are not talking about something that happened 30 years ago, but about the Transfer of Undertaking...
Nigel Evans | 472 c2049-50;472 c2047-8 (Link to this contribution)
I, as much as any other hon. Member, am waiting with bated breath to hear my hon. Friend's examples,...
Philip Davies | 472 c2050;472 c2048 (Link to this contribution)
My hon. Friend is entirely right about that. It is noticeable that Labour Members come from certain ...
John Heppell | 472 c2050;472 c2048 (Link to this contribution)
The hon. Gentleman's speech so far has been a great advert for private equity companies generally. H...
Philip Davies | 472 c2050;472 c2048 (Link to this contribution)
I am perfectly satisfied with the current arrangements. As I made clear earlier, this country's priv...
Philip Davies | 472 c2049;472 c2047 (Link to this contribution)
My hon. Friend is absolutely right. I was nervous when he said that he was hesitant about disagreein...
Philip Davies | 472 c2049;472 c2047 (Link to this contribution)
I am grateful to the hon. Gentleman and am delighted to hear that he is waiting in anticipation of w...
Jim Dowd | 472 c2049;472 c2047 (Link to this contribution)
The hon. Gentleman has been speaking for well over half an hour. I, for one, do not dispute the impo...
Philip Davies | 472 c2052;472 c2050 (Link to this contribution)
It is difficult to get to the point of my speech, for which hon. Members are waiting with bated brea...
Tony Lloyd | 472 c2052;472 c2050 (Link to this contribution)
I don't think you're getting there.
Philip Davies | 472 c2051;472 c2049 (Link to this contribution)
The hon. Lady makes a pertinent point. We should reflect on the fact that in the past 15 or more yea...
Tony Lloyd | 472 c2052;472 c2050 (Link to this contribution)
It might help the hon. Member for Solihull (Lorely Burt) if I say that the point of the Bill, which ...
Philip Davies | 472 c2052;472 c2050 (Link to this contribution)
I certainly am, but the hon. Gentleman will have to be slightly more patient.
It is important that ...
Baroness Burt of Solihull | 472 c2051;472 c2049 (Link to this contribution)
Does the hon. Gentleman agree that the TUPE arrangements were extensively revised, after great consu...
Philip Davies | 472 c2051;472 c2049 (Link to this contribution)
This Government have imposed many regulations on businesses. If my memory serves, about 3,000 or 4,0...
John Heppell | 472 c2051;472 c2049 (Link to this contribution)
Let us be clear. Is the hon. Gentleman saying that TUPE represents a burden on business generally? I...
Philip Davies | 472 c2051;472 c2049 (Link to this contribution)
The hon. Gentleman talks about increased burdens, but I am not talking only about the burdens he ref...
Philip Davies | 472 c2053-5;472 c2051-3 (Link to this contribution)
I am grateful to the hon. Gentleman. There seems to be a new tactic: the hon. Members at the very ba...
Christopher Chope | 472 c2055;472 c2053 (Link to this contribution)
I have an advantage over my hon. Friend, as I have a copy of the explanatory notes, kindly provided ...
Philip Davies | 472 c2055;472 c2053 (Link to this contribution)
I am incredibly grateful to my hon. Friend for that clarification—if, indeed, it is a clarification—...
Christopher Chope | 472 c2055;472 c2053 (Link to this contribution)
Surely the implication of the explanatory notes is that a private equity organisation would be any o...
Philip Davies | 472 c2052-3;472 c2050-1 (Link to this contribution)
Of course I will abide by your ruling, Madam Deputy Speaker. I hope that I have managed to go some w...
Speaker | 472 c2053;472 c2051 (Link to this contribution)
That is not a point of order for the Chair, but the hon. Member for Shipley has heard my ruling and ...
Tony Lloyd | 472 c2053;472 c2051 (Link to this contribution)
On a point of order, Madam Deputy Speaker. Following your ruling to the hon. Member for Shipley (Phi...
John Heppell | 472 c2053;472 c2051 (Link to this contribution)
Some of the information has been provided to me. It is stated that such protections are included in ...
Philip Davies | 472 c2053;472 c2051 (Link to this contribution)
Indeed, Madam Deputy Speaker. I think that I made it abundantly clear before the point of order that...
Speaker | 472 c2058;472 c2056 (Link to this contribution)
Order. The hon. Gentleman is clearly not giving way.
Andrew Miller | 472 c2058-60;472 c2056-8 (Link to this contribution)
I certainly will not give way until I have set out at least my opening remarks.
There is a powerful...
Andrew Miller | 472 c2058;472 c2056 (Link to this contribution)
Yes, but—[Interruption.]
Baroness Burt of Solihull | 472 c2060;472 c2058 (Link to this contribution)
I am grateful for the hon. Gentleman's intervention, but I am not sure where he is coming from. I do...
Christopher Chope | 472 c2060;472 c2058 (Link to this contribution)
The hon. Lady seems to be arguing in favour of the same regime applying to private companies as to p...
Baroness Burt of Solihull | 472 c2060;472 c2058 (Link to this contribution)
There has been a lot of discussion this morning, and I should like to suggest that a key word is bal...
Christopher Chope | 472 c2060;472 c2058 (Link to this contribution)
Why is it a reasonable concern? Surely it is for individual workers to decide whether they want to j...
John Heppell | 472 c2062;472 c2060 (Link to this contribution)
The regulations were introduced in 2006, but most of the discussions about them would have ended in ...
Baroness Burt of Solihull | 472 c2061-2;472 c2059-60 (Link to this contribution)
The hon. Gentleman is absolutely right—no, I do not believe that. I am trying to set out a balanced ...
John Heppell | 472 c2056;472 c2054 (Link to this contribution)
The hon. Gentleman is correct, and the same situation applies under TUPE.
Philip Davies | 472 c2056;472 c2054 (Link to this contribution)
From what I read in the Bill, I also believe that any dismissal in relation to the acquisition would...
John Heppell | 472 c2056;472 c2054 (Link to this contribution)
I understand that that is the TUPE requirement. If there is anything in the Bill that goes beyond TU...
Philip Davies | 472 c2056-7;472 c2054-5 (Link to this contribution)
I am genuinely grateful to the hon. Gentleman for that clarification. Some of the provisions might g...
Nigel Evans | 472 c2057;472 c2055 (Link to this contribution)
As I understand it, one of the sovereign wealth funds that we have heard about today might well inve...
Philip Davies | 472 c2057-8;472 c2055-6 (Link to this contribution)
My hon. Friend makes a good point. The Bill's promoter might be able to clarify some of the points t...
Philip Davies | 472 c2058;472 c2056 (Link to this contribution)
Will the hon. Gentleman give way?
Andrew Miller | 472 c2058;472 c2056 (Link to this contribution)
I shall be extremely brief in setting out my reasons why the hon. Member for Shipley (Philip Davies)...
Philip Davies | 472 c2058;472 c2056 (Link to this contribution)
I was very generous in giving way.
Andrew Miller | 472 c2058;472 c2056 (Link to this contribution)
No, I will not give way. The hon. Gentleman has had an hour.
Philip Davies | 472 c2075;472 c2073 (Link to this contribution)
My hon. Friend has more money than a private equity firm.
Nigel Evans | 472 c2075;472 c2073 (Link to this contribution)
I wish.
The Government think that pre-legislative scrutiny is a good idea. I was not so sure to beg...
Philip Davies | 472 c2074;472 c2072 (Link to this contribution)
I agree entirely. A private equity firm gave £1 million to Remprobe, one of my local firms, which ma...
Nigel Evans | 472 c2074-5;472 c2072-3 (Link to this contribution)
If the hon. Member for Nottingham, East has done one great service this morning, it is giving us an ...
Tom Clarke | 472 c2072-3;472 c2070-1 (Link to this contribution)
My hon. Friend the Member for Paisley and Renfrewshire, North (Jim Sheridan) is absolutely right. I ...
Nigel Evans | 472 c2073-4;472 c2071-2 (Link to this contribution)
I congratulate the hon. Member for Nottingham, East (Mr. Heppell) on his success in the private Memb...
Jim Sheridan | 472 c2072;472 c2070 (Link to this contribution)
Does my right hon. Friend agree that the fundamental effect of the Bill is to provide basic support ...
Tom Clarke | 472 c2071-2;472 c2069-70 (Link to this contribution)
I am not giving way; I did not intervene on anyone else and I am going to be brief. I am not going t...
Philip Davies | 472 c2075;472 c2073 (Link to this contribution)
I am very reluctant even to try to suggest that I might disagree with my hon. Friend, but does he ag...
Christopher Chope | 472 c2068;472 c2066 (Link to this contribution)
I congratulate my hon. Friend on a very good demolition job. Will he illustrate his last point by re...
Christopher Chope | 472 c2069;472 c2067 (Link to this contribution)
Does my hon. Friend accept that the promoter of the Bill has now said that he does not wish the inju...
David Kidney | 472 c2063-5;472 c2061-3 (Link to this contribution)
Like the hon. Member for Shipley (Philip Davies), I congratulate my hon. Friend the Member for Notti...
Jonathan Djanogly | 472 c2065;472 c2063 (Link to this contribution)
The hon. Gentleman makes exactly the point that many Conservative Members have been making. Even if ...
David Kidney | 472 c2065;472 c2063 (Link to this contribution)
Obviously, I do not agree, because the rights involved are specific to a transfer situation and are ...
Jonathan Djanogly | 472 c2065-8;472 c2063-6 (Link to this contribution)
I disclose my interests as a partner in a law firm that acts for various private equity firms as wel...
Tom Clarke | 472 c2070-1;472 c2068-9 (Link to this contribution)
When I read the Bill of my hon. Friend the Member for Nottingham, East (Mr. Heppell) last night, I w...
Christopher Chope | 472 c2082;472 c2080 (Link to this contribution)
The Minister is making some excellent points, and I wonder whether he could use the good offices of ...
Pat McFadden | 472 c2078-82;472 c2076-80 (Link to this contribution)
I congratulate my hon. Friend the Member for Nottingham, East (Mr. Heppell) on his success in the pr...
Nigel Evans | 472 c2077-8;472 c2075-6 (Link to this contribution)
I understand that that is a movable feast as far as the Government are concerned, and I should hate ...
Christopher Chope | 472 c2090;472 c2088 (Link to this contribution)
I appreciate the level of detail that the Minister has provided. Will he explain why the Government ...
Pat McFadden | 472 c2087-90;472 c2085-8 (Link to this contribution)
Conservative Members' comments that they were satisfied with the current regulations were reflected ...
Andrew Miller | 472 c2087;472 c2085 (Link to this contribution)
My hon. Friend will recall that those regulations replaced the regulations that were put in place by...
Pat McFadden | 472 c2082-7;472 c2080-5 (Link to this contribution)
I am sure that the Leader of the House has more important business to deal with than arranging meeti...
John Heppell | 472 c2093-4;472 c2091-2 (Link to this contribution)
The hon. Member for Ribble Valley (Mr. Evans) talked about the unintended consequences of the Bill, ...
Christopher Chope | 472 c2091-3;472 c2089-91 (Link to this contribution)
I congratulate the Minister on having given us almost one hour of good, robust common sense. I sympa...
Christopher Chope | 472 c2075;472 c2073 (Link to this contribution)
May I give my hon. Friend an example from my constituency, where a partnership whose results are in ...
Nigel Evans | 472 c2075;472 c2073 (Link to this contribution)
I find myself in a similar position to my hon. Friend at the beginning of the day, when he felt that...
Nigel Evans | 472 c2076;472 c2074 (Link to this contribution)
If I have read it right in the papers as well, that business is sharing about £180 million with its ...
Philip Davies | 472 c2077;472 c2075 (Link to this contribution)
My hon. Friend is making a powerful point. Does he agree that we have fairly high levels of rights i...
Nigel Evans | 472 c2076;472 c2074 (Link to this contribution)
I agree with the hon. Gentleman that we must seek out those employers—I hope that they are a small g...
Nigel Evans | 472 c2077;472 c2075 (Link to this contribution)
My hon. Friend makes a valid point: not only would we export jobs but we would abandon the protectio...
Stephen Pound | 472 c2077;472 c2075 (Link to this contribution)
I am grateful to the hon. Gentleman for giving way, particularly when he is tossing things in our di...
Nigel Evans | 472 c2077;472 c2075 (Link to this contribution)
That leads me nicely to devolution, but before I do so, I shall give way to the hon. Member for Eali...
Christopher Chope | 472 c2037;472 c2035 (Link to this contribution)
Would the legislation have applied in the case of the takeover of Northern Rock? In supplementing th...
John Heppell | 472 c2037;472 c2035 (Link to this contribution)
I apologise to the hon. Gentleman; I have not made them available. I will try to get a copy to him b...
Tony Lloyd | 472 c2037;472 c2035 (Link to this contribution)
Except in relation to the beauty of my hon. Friend's ears, the point is quite trivial. If there is t...
John Heppell | 472 c2037;472 c2035 (Link to this contribution)
That is the argument that I started with. We cannot have it both ways. If someone says, ““They're al...
Jonathan Djanogly | 472 c2037;472 c2035 (Link to this contribution)
I am sorry, but how can the hon. Gentleman assume that there will be considerable consequences for t...
John Heppell | 472 c2037;472 c2035 (Link to this contribution)
How can I be sure that there will be any changes under any takeover? Of course, I cannot be sure. Al...
Jonathan Djanogly | 472 c2037;472 c2035 (Link to this contribution)
The point is that the existing law provides no less protection for workers made redundant after a sh...
John Heppell | 472 c2037;472 c2035 (Link to this contribution)
No, it does not. The reality is that Joe or Josephine on the shop floor knows that they are being ta...
John Heppell | 472 c2038;472 c2036 (Link to this contribution)
To be honest, I am no great expert on Northern Rock and I am not really sure.
Christopher Chope | 472 c2038;472 c2036 (Link to this contribution)
And Northern Rock?
John Heppell | 472 c2035;472 c2033 (Link to this contribution)
I think that there is a definition in the explanatory notes to the Bill, so I will ensure that the h...
Philip Davies | 472 c2036;472 c2034 (Link to this contribution)
To help the hon. Gentleman get his train of thought back, his Bill says that it would apply to ““sub...
John Heppell | 472 c2036;472 c2034 (Link to this contribution)
It means a controlling shareholding, where someone takes control of a company. It is not too difficu...
Baroness Burt of Solihull | 472 c2036;472 c2034 (Link to this contribution)
I am a little confused, because as I understand it, all the rights to which the hon. Gentleman is re...
Paul Farrelly | 472 c2035;472 c2033 (Link to this contribution)
I congratulate my hon. Friend on introducing this Bill. Generous as he has been to private equity, i...
John Heppell | 472 c2035;472 c2033 (Link to this contribution)
That is what I was trying to say. I do not want to make judgments. I have examples of private equity...
Christopher Chope | 472 c2035;472 c2033 (Link to this contribution)
The hon. Gentleman cannot even tell the House what a private equity takeover is. That is the problem...
Jonathan Djanogly | 472 c2037;472 c2035 (Link to this contribution)
Surely the same statutory provisions would apply in respect of any redundancy programme put in place...
John Heppell | 472 c2036;472 c2034 (Link to this contribution)
It is because the situation for workers is different when there is a transfer. When a company is tak...
John Heppell | 472 c2037;472 c2035 (Link to this contribution)
I have lost the point on that.
Nigel Evans | 472 c2032-3;472 c2030-1 (Link to this contribution)
My point follows on from the question asked by the hon. Member for Manchester, Central (Tony Lloyd) ...
John Heppell | 472 c2033;472 c2031 (Link to this contribution)
No, I did not, but I consulted other people. I have not simply sat down with trade union colleagues ...
Philip Davies | 472 c2034;472 c2032 (Link to this contribution)
The hon. Gentleman mentioned that he met the BVCA, and said that his discussions were confidential. ...
John Heppell | 472 c2034;472 c2032 (Link to this contribution)
The message I got from the BVCA was that it would leave the working on the matter to the CBI. My sus...
David Kidney | 472 c2033;472 c2031 (Link to this contribution)
I am following my hon. Friend's speech with interest. On the point he just made, do we not stand on ...
John Heppell | 472 c2033;472 c2031 (Link to this contribution)
That is exactly the point. Anyone using common sense can see that that is the case. I have talked to...
John Heppell | 472 c2034;472 c2032 (Link to this contribution)
I think that I had better leave that to the Minister. I am sure that I am being so persuasive that h...
Nigel Evans | 472 c2034;472 c2032 (Link to this contribution)
During the Division earlier, the Minister said to me, ““Are you here every Friday?”” I could have as...
John Heppell | 472 c2034;472 c2032 (Link to this contribution)
I agree with the hon. Gentleman completely. The problem is that I had to put a long title to the Bil...
Christopher Chope | 472 c2034;472 c2032 (Link to this contribution)
Surely the first point is to discuss to whom the Bill applies. The long title of the Bill refers to ...
James Duddridge | 472 c2031;472 c2029 (Link to this contribution)
The hon. Gentleman's modesty is admirable, but he is bringing to this House a Bill that asks us to c...
John Heppell | 472 c2031;472 c2029 (Link to this contribution)
I beg to move, That the Bill be now read a Second time.
A couple of months ago, when I first embark...
Tony Lloyd | 472 c2032;472 c2030 (Link to this contribution)
My hon. Friend is making an interesting point. One of the great disadvantages of TUPE, where it appl...
John Heppell | 472 c2031-2;472 c2029-30 (Link to this contribution)
I do not want to get bogged down in the legal niceties of these things. Let me freely admit from the...
John Heppell | 472 c2032;472 c2030 (Link to this contribution)
That is true; I agree with my hon. Friend. People forget that a lot of the drive to make it clear wh...
Tony Lloyd | 472 c2046;472 c2044 (Link to this contribution)
The hon. Gentleman has just made a very important statement. He has said that protection already exi...
Philip Davies | 472 c2045;472 c2043 (Link to this contribution)
My hon. Friend is right: protection does already exist.
Nigel Evans | 472 c2045;472 c2043 (Link to this contribution)
That brings me back to a question I asked earlier about whether Lord Jones had been consulted. Clear...
Philip Davies | 472 c2045;472 c2043 (Link to this contribution)
As my hon. Friend the Member for Huntingdon (Mr. Djanogly) made clear earlier, there are rules apply...
John Heppell | 472 c2045;472 c2043 (Link to this contribution)
Does the hon. Gentleman not believe that this industry should be expected to obey the same rules as ...
Philip Davies | 472 c2045;472 c2043 (Link to this contribution)
I understand the hon. Gentleman's point, but it is not always possible to reconcile the future of a ...
John Heppell | 472 c2045;472 c2043 (Link to this contribution)
I fear that the debate is turning into exactly what I did not want it to become: a debate for or aga...
Philip Davies | 472 c2045;472 c2043 (Link to this contribution)
My hon. Friend is absolutely right. Before we embark on a measure that could have such a negative ef...
Nigel Evans | 472 c2044;472 c2042 (Link to this contribution)
This reinforces my point about the need for more pre-legislative scrutiny. We are talking about legi...
Philip Davies | 472 c2044;472 c2042 (Link to this contribution)
If the hon. Gentleman had listened to what I said in the first place, he would know that I made it c...
Philip Davies | 472 c2044;472 c2042 (Link to this contribution)
If the hon. Gentleman is not questioning Michael Wright, whose figures I am quoting, he will accept ...
Andrew Miller | 472 c2044;472 c2042 (Link to this contribution)
I am not questioning Michael Wright. I am questioning the hon. Gentleman.
Andrew Miller | 472 c2044;472 c2042 (Link to this contribution)
My point is that there are several different ways of measuring productivity. This could be about mas...
Philip Davies | 472 c2044;472 c2042 (Link to this contribution)
I just told the hon. Gentleman that I would send him a copy of the report, which he can study at his...
Andrew Miller | 472 c2044;472 c2042 (Link to this contribution)
The hon. Gentleman has prayed in aid a study carried out by Nottingham university. I want to underst...
Philip Davies | 472 c2044;472 c2042 (Link to this contribution)
I am not sure whether the hon. Gentleman is trying to question the ability of Michael Wright of Nott...
Andrew Miller | 472 c2044;472 c2042 (Link to this contribution)
He does not know the answer.
Philip Davies | 472 c2043;472 c2041 (Link to this contribution)
The hon. Gentleman is right that workers are often in the dark. I was working for Asda when it was t...
Philip Davies | 472 c2044;472 c2042 (Link to this contribution)
I am grateful for the hon. Gentleman's interest in the study to which I referred. I will happily sen...
Andrew Miller | 472 c2044;472 c2042 (Link to this contribution)
How were those productivity figures measured?
Nigel Evans | 472 c2042;472 c2040 (Link to this contribution)
I agree with my hon. Friend that painless panaceas do not exist; if only they did. We have put sever...
Philip Davies | 472 c2041-2;472 c2039-40 (Link to this contribution)
I congratulate the hon. Member for Nottingham, East (Mr. Heppell) on bringing forward his Bill and o...
John Heppell | 472 c2040-1;472 c2038-9 (Link to this contribution)
I agree completely with my hon. Friend. [Interruption.] I have just realised that I have found a cop...
Tony Lloyd | 472 c2040;472 c2038 (Link to this contribution)
My hon. Friend's most recent exchange has raised an important point. As he says, his ambition is to ...
John Heppell | 472 c2043;472 c2041 (Link to this contribution)
I accept that the hon. Gentleman feels that he is very much in the dark about the Government's respo...
Philip Davies | 472 c2042-3;472 c2040-1 (Link to this contribution)
My hon. Friend makes a good point. My understanding is exactly the same as his. No doubt the Ministe...
Christopher Chope | 472 c2042;472 c2040 (Link to this contribution)
Does my hon. Friend accept that one problem today is the Government's failure to respond to the Trea...
Philip Davies | 472 c2042;472 c2040 (Link to this contribution)
My hon. Friend raises a valid point, and I am sure that what he describes would make us all better o...
Nigel Evans | 472 c2040;472 c2038 (Link to this contribution)
I am not a fan of the European Union by any stretch of the imagination—quite the opposite—but we wer...
David Kidney | 472 c2038;472 c2036 (Link to this contribution)
First, the existing regulations would apply to Northern Rock, because there is a transfer of ownersh...
John Heppell | 472 c2038;472 c2036 (Link to this contribution)
I do not mind hypothetical questions. What I would say is that I am sure that if the legislation app...
Baroness Burt of Solihull | 472 c2038;472 c2036 (Link to this contribution)
I thank the hon. Gentleman for giving way; he is being patient. He is saying that the TUPE regulatio...
John Heppell | 472 c2038;472 c2036 (Link to this contribution)
I agree completely. I think that those Members were arguing that legislation other than TUPE would a...
Nigel Evans | 472 c2039;472 c2037 (Link to this contribution)
I accept that the hon. Gentleman does not want to do anything that will hit business in this country...
John Heppell | 472 c2038-9;472 c2036-7 (Link to this contribution)
The hon. Lady has made a valid point, and it was something that I said earlier. I am not trying to b...
Dennis Skinner | 472 c2039;472 c2037 (Link to this contribution)
When we discussed the TUPE ideas many years ago, when there was a Tory Government and there were all...
John Heppell | 472 c2039;472 c2037 (Link to this contribution)
I am not aware of the legislation in every country, but I know that some countries' legislation is s...
Tom Clarke | 472 c2038;472 c2036 (Link to this contribution)
It was a hypothetical question.
John Heppell | 472 c2039-40;472 c2037-8 (Link to this contribution)
I agree with my hon. Friend. I am a realist about these things; I recognise that if my Bill gets to ...
Philip Davies | 472 c2046;472 c2044 (Link to this contribution)
With the greatest respect to the hon. Gentleman, if he allows me to continue my speech he will hear ...
Christopher Chope | 472 c2047;472 c2045 (Link to this contribution)
It is unclear from my hon. Friend's comments whether he is for or against the Bill extending to sove...
Philip Davies | 472 c2047;472 c2045 (Link to this contribution)
I hope I am making it clear that I am not in favour of the Bill at all, so I do not want it to apply...
Christopher Chope | 472 c2046;472 c2044 (Link to this contribution)
Does my hon. Friend accept that the mergers and acquisitions activity that takes place in the City o...
Philip Davies | 472 c2046-7;472 c2044-5 (Link to this contribution)
My hon. Friend is entirely right. One of the consequences of globalisation is that countries will ha...
Andrew Miller | 472 c2048;472 c2046 (Link to this contribution)
The hon. Gentleman is describing a successful British economy. He is right that that is partly a res...
Philip Davies | 472 c2048;472 c2046 (Link to this contribution)
Once again, the hon. Gentleman is clearly not listening to what I am saying in the round. I made it ...
Christopher Chope | 472 c2047;472 c2045 (Link to this contribution)
Is my hon. Friend aware of this statistic: companies that have received private equity backing accou...
Philip Davies | 472 c2047-8;472 c2045-6 (Link to this contribution)
My hon. Friend is absolutely right, and I am grateful to him for emphasising my point.
I mentioned ...
Roger Gale | 472 c2049;472 c2047 (Link to this contribution)
I hesitate to disagree with my hon. Friend about anything, but is he right that the Government shoul...
Philip Davies | 472 c2055-6;472 c2053-4 (Link to this contribution)
My hon. Friend may well be right. He is certainly more expert than I am at understanding parliamenta...
Jonathan Djanogly | 472 c2068-9;472 c2066-7 (Link to this contribution)
My hon. Friend gives a good example, to which I had intended to refer. He is right that there would ...
Pat McFadden | 472 c2090-1;472 c2088-9 (Link to this contribution)
My understanding is that when the Government gave information to the Select Committee, they covered ...
John Heppell | 472 c2040;472 c2038 (Link to this contribution)
I suspect that the European Union is often interested in legislating. A fortnight ago, we were discu...
Speaker | 472 c2052;472 c2050 (Link to this contribution)
Order. The hon. Gentleman said that he would give some background on private equity companies. I thi...
Baroness Burt of Solihull | 472 c2062-3;472 c2060-1 (Link to this contribution)
I am grateful to the hon. Gentleman for that intervention.
I would like to address the extra aspect...
Jonathan Djanogly | 472 c2069-70;472 c2067-8 (Link to this contribution)
I agree with my hon. Friend. It seems to me, having listened to the debate so far, that a Bill has b...
Stephen Pound | 472 c2076;472 c2074 (Link to this contribution)
I am extremely grateful to a poor, simple boy from Swansea for giving way. I appreciate that the hon...
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