Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Duncan Hames Excerpts
Tuesday 10th May 2011

(13 years, 6 months ago)

Commons Chamber
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Mark Hoban Portrait The Financial Secretary to the Treasury (Mr Mark Hoban)
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The hon. Gentleman is right to highlight the mis-selling of PPI. This happened under the regulatory regime that his colleagues set up when they were in government. One aspect of the reforms that we are introducing by setting up the financial conduct authority is to give the regulator more powers to intervene earlier to prevent that sort of scandal happening again.

Duncan Hames Portrait Duncan Hames (Chippenham) (LD)
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Given the Chancellor’s concern for the use of taxpayers’ money, will he really allow members of GP consortia boards to be paid as much as £30,000 a year for just one day’s work a week?

Danny Alexander Portrait Danny Alexander
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As I said in response to my hon. Friend the Member for Southport (John Pugh), one of the things we need to do as part of the listening exercise is hear the concerns about how consortia will work and ensure that the financial regime that is in place is sustainable and puts the maximum amount of resource to the front line.