(9 years, 10 months ago)
Commons ChamberI am going to make some progress.
There is nothing wrong with supporting the private sector and infrastructure investment in poor countries, but we Opposition Members have grave concerns about the lack of transparency over where this funding for private sector development is going. That area will account for £1.8 billion—nearly one fifth of the Secretary of State’s budget next year.
Just before this debate, the Select Committee was taking evidence from the Secretary of State on precisely the issue of private sector investment, but not a single Labour member of the Committee attended the session.
Perhaps my hon. Friends were writing their speeches. I know that my hon. Friend the Member for East Lothian (Fiona O'Donnell) is planning to speak in this debate. I pay tribute to the work of the Select Committee, which the right hon. Gentleman chairs, and I shall quote extensively from some of his reports, if he will give me the chance.