Johnston Press: Administration Debate
Full Debate: Read Full DebateDepartment: Department for Digital, Culture, Media & Sport
Bill Esterson
Main Page: Bill Esterson (Labour - Sefton Central)Department Debates - View all Bill Esterson's debates with the Department for Digital, Culture, Media & Sport
(6 years ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
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Jeremy Wright
Yes, we will look at that. We want to consider all possible ways of assisting the more general landscape that my hon. Friend describes. There may well be more that online companies can do to help, more that companies elsewhere can do, perhaps more that the BBC can do, and certainly more that local and national Government can do. We will look at all the possibilities.
Bill Esterson (Sefton Central) (Lab)
This is just the latest example of what the Work and Pensions Committee described as “ripping off pensioners” using pre-packs. I understand that the Government announced they were holding a review into the impact on pensions of pre-pack administrations. Has the Secretary of State discussed when that review and its results are likely to be published, and when some of the pressure on the Pension Protection Fund will be relieved, as it is under enormous strain and going way beyond what it was intended to do?
Jeremy Wright
The Pension Protection Fund has over £30 billion-worth of assets and can cover these liabilities. On the hon. Gentleman’s broader point, again I am fortunate that my hon. Friend the Pensions Minister is sitting along the row from me. I am sure he will write to the hon. Gentleman with the timescales he seeks.