British House Building Industry
Debate between Siobhain McDonagh and Bob Stewart(4 years, 8 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Siobhain McDonagh
I completely agree with my hon. Friend and congratulate him on all the work he has been doing. Without the attention he has given the issue, much would not have happened.
Let us be clear: the money does not flow through the companies. Thanks to excellent new research from the High Pay Centre, I can reveal the quite extraordinary pay packets of the 10 FTSE 350 house building companies. In the heart of our country’s housing crisis, the four FTSE 100 house building companies spent an eye-watering £53.2 million on their CEO pay. David Thomas at Barratt earned £2.811 million; Peter Redfern of Taylor Wimpey earned £3.152 million; Tony Pidgley at Berkeley reached £8.256 million; and Mr Fairburn, formerly of Persimmon, got a whopping £38.9 million.
Bob Stewart (Beckenham) (Con)
The hon. Lady is making a great speech and I totally endorse everything she has said. I am really worried as to what the heck the shareholders are doing. Do they not question this when they have their annual general meeting? They are meant to bring the companies to account on such matters.
Bahrain
Debate between Siobhain McDonagh and Bob Stewart(5 years, 8 months ago)
Westminster HallRead Full debate Read Hansard Text Read Debate Ministerial Extracts
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Bob Stewart
The fact of the matter is that we need Bahrain more than Bahrain needs us. Bahrain is very successful without us.
Siobhain McDonagh (in the Chair)
Order. Before the hon. Gentleman continues his speech, I should tell him that we are hoping, very shortly, to get to the summing-up speeches.