David Hamilton
Main Page: David Hamilton (Labour - Midlothian)(12 years, 10 months ago)
Commons ChamberRead Full debate Read Hansard Text
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.
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Vince Cable
As I have already explained to the hon. Member for Shipley (Philip Davies), the consensus view among business and investors is that the status quo is not supportable and is leading to damaging and perverse rewards, including rewards for failure, and that we need to reform the system comprehensively.
Mr David Hamilton (Midlothian) (Lab)
May I remind Government Members that they agreed with Labour for 13 years about releasing details of chief executives’ pay? Will the Secretary of State take retrospective action against any companies that try to get through the barriers before the changes come into operation?
Vince Cable
In general, retrospective legislation is not a good thing, but I will look at the implications of the question.