Business of the House

Lord Davies of Gower Excerpts

Thursday 25th February 2016 Commons Chamber

[Chris Grayling]

Fortunately, I am not a lawyer, so I am not going to give the right hon. Gentleman legal advice. I would say what I said earlier—that the view of the Attorney General on behalf of the Government is that it has legal force, but I am sure that this is going to be a matter of lively debate in the weeks ahead.

[Byron Davies (Gower) (Con)]

The Leader of the House will no doubt be aware that, over a short time span, two separate debates took place in Westminster Hall on serious allegations of collusion between banks and valuers in order deliberately to undervalue and then seize assets. Numerous other cases have now come to light, and more than 10 MPs of different parties have written to the Chairman of the Select Committee on Business, Innovation and Skills to ask him to investigate. A particular situation, which involved Barclays bank and Lambert Smith Hampton, has led to my constituent Bryan Evans losing everything he has worked for over many years, including, recently, his house. Is it not time for a debate on the Floor of the House on these matters so that we can decide whether the Government need to act to ensure that the law is upheld?

[Chris Grayling]

My hon. Friend is working hard and effectively on behalf of his constituents. He will understand that I cannot comment on the detail of the allegations. I know that the Solicitor General addressed a Westminster Hall debate on this specific case and on the role of the Serious Fraud Office earlier this month. Of course, the SFO, in conjunction with others, has considered these allegations from the outset, and my hon. Friend is well aware of the conclusions that have been reached. If he takes the view that the SFO’s remit should be broader to take matters such as this one further, I would encourage him to bring the matter to the attention of Treasury Ministers when they are before the House next week and perhaps look to bringing back to the Floor of this House a debate on the broader remit of the SFO and the ability of that organisation and others to investigate such matters.