Oral Answers to Questions

Debate between Lord Walney and Lord Maude of Horsham

Wednesday 27th April 2011 Commons Chamber

[John Woodcock (Barrow and Furness) (Lab /Co-op)]

T10. Why is the public sector mutual fund late in going out to tender, and when will it be ready to accept bids?

[Mr Maude]

We will announce details in due course. It would have been easy to go ahead and just flash money around, but there is not much money thanks to the legacy of the Government whom the hon. Gentleman supported. We need to ensure that the money is husbanded and spent wisely, for example by providing advice for groups of public sector workers, of whom there are very many who want to form mutuals, and by ensuring that the advice is made available to as many as possible.