Financial Stability: Private Equity Firms Debate

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Lord Rooker

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Retirement of a Member: Lord Rodgers of Quarry Bank

Financial Stability: Private Equity Firms

Lord Rooker Excerpts

Loot Boxes in Video Games
Wednesday 13th December 2023

(11 months, 2 weeks ago)

Lords Chamber
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Baroness Vere of Norbiton Portrait Baroness Vere of Norbiton (Con)
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I would not wish to speculate; however, I am not sure it would have been good things.

Lord Rooker Portrait Lord Rooker (Lab)
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If private equity is so keen on employing people in this country, how come it is not so keen on paying the pensions? The private equity owners of Boots have just got rid of the pension responsibilities.

Baroness Vere of Norbiton Portrait Baroness Vere of Norbiton (Con)
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The noble Lord mentions a situation I am not aware of, but I will say that all owners of UK companies must abide by the Companies Act and their obligations therein.

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