Christopher Chope
Main Page: Christopher Chope (Conservative - Christchurch)(11 years, 11 months ago)
Commons ChamberRead Full debate Read Hansard Text
Vince Cable
They should be considered. If my predecessors had been as active as this Government have been in bringing forward this legislation, the Labour party would probably not be facing these redundancies.
Mr Christopher Chope (Christchurch) (Con)
I congratulate my right hon. Friend on securing this socialist measure through the coalition Government. Will he assure me that this will not drive UK-listed companies out of the UK? What will it do to encourage more companies to get listed in the UK?
Vince Cable
I am frequently accused of socialist tendencies by colleagues behind me, but the promotion of shareholders is a rather strange definition of socialism. There is not a shred of evidence to suggest that this will promote the outward movement of companies. Indeed, all the leading business associations and investor groups have welcomed what we are doing.