Green Investment Bank Debate

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Department: Department for Business, Energy and Industrial Strategy

Catherine West

Main Page: Catherine West (Labour - Hornsey and Friern Barnet)

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Boat Moorings on the River Avon

Green Investment Bank

Catherine West Excerpts

Point of Order
Wednesday 11th January 2017

(7 years, 11 months ago)

Commons Chamber
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Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.

Each Urgent Question requires a Government Minister to give a response on the debate topic.

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Nick Hurd Portrait Mr Hurd
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I extend to the hon. and learned Lady the same offer that I made to a colleague earlier. Of course I will meet any colleagues whose constituencies may be affected by this process.

Catherine West Portrait Catherine West (Hornsey and Wood Green) (Lab)
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My question relates to the bidding process. What is the Minister’s view of the Macquarie bank, the potential bidder also known as the “cuff-linked buccaneers”? What is his opinion of the bank’s recent activity as the owner of Thames Water when it shipped off hundreds of millions in dividend payments to investors, paid minimal taxes and made disappointing investment in the network?

Nick Hurd Portrait Mr Hurd
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The hon. Lady has made her point, and she will know what point I am going to make. I cannot possibly comment on the identity of any bidder at this stage.

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