Financial Services Authority and Connaught Income Fund Debate

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Department: HM Treasury

Financial Services Authority and Connaught Income Fund

Albert Owen Excerpts
Wednesday 7th May 2014

(10 years, 6 months ago)

Westminster Hall
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Alun Cairns Portrait Alun Cairns
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I pay tribute to my hon. Friend’s work on Arch Cru as secretary of the all-party group on the Arch Cru investment scheme, and on his involvement in issues relating to Capita. He raises pertinent points that I will come on to, so I am grateful for his contribution.

Albert Owen Portrait Albert Owen (Ynys Môn) (Lab)
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I am grateful to the hon. Gentleman for giving way to me so early. I have to leave, having been in the previous debate with him for an hour and a half.

Is the hon. Gentleman as concerned as I am that so little information is available on Capita, and particularly on the signing-off of the information memorandum? That is a matter of great concern to a number of my constituents and, I am sure, to constituents of hon. Members of all parties.

Alun Cairns Portrait Alun Cairns
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I am grateful to the hon. Gentleman for raising important points about Capita that I will come on to. A central factor is what knowledge it had at various stages.