Business of the House

Gill Furniss Excerpts

Thursday 8th July 2021 Commons Chamber

[Mr Rees-Mogg]

I am extremely well aware of the importance of financial services, as I spent a number of decades working in the investment management field, and I am well aware of the particular importance of Edinburgh as a financial capital. My hon. Friend is right to raise the issue. Financial services are very strong, vibrant and flexible, which is what has led to their success. In reality, their ability to attract business from around the world has had more to do with their efficiency, their competitiveness and the collection of skills that they bring together than with particular agreements with other countries. Although of course we must discuss financial services with foreign nations, actually the City will do best if it is fleet of foot, capable and competitive.

[Gill Furniss (Sheffield, Brightside and Hillsborough) (Lab)]

A group of my constituents have reported their employer, Horizon Care Homes Ltd, to the Pensions Regulator for allegedly failing to pay its pension contributions into the Government’s NEST—National Employment Savings Trust—pension scheme. I have contacted the regulator and they have informed me that they are legally unable to give me any information about their investigation, even with my constituent’s consent. This makes it extremely hard for me to assist them. Will the Leader of the House support me in allowing a debate in this Chamber to ensure that MPs can gain appropriate access to the information needed to assist our constituents facing problems with their pensions?

[Mr Rees-Mogg]

I am going to answer this question slightly tentatively, because I am calling on memory of what I think the law says about giving information to Members. My understanding and memory are that businesses are not obliged to give information to Members, but there is an exemption in the data protection rules that allows them to give information if they choose to do so. So my understanding is that this is a refusal of the organisation to give information under its own procedures, not one by law. Therefore, I would encourage and support the hon. Lady in continuing to put pressure on the organisation not to be obstructive of Members of Parliament doing their job.

I did come across this once on behalf of a constituent of mine, where a particular bank refused to give information, even with the support of the constituent, erroneously quoting data protection rules. If that is the case, I think the hon. Lady is in a strong position with the Pensions Regulator. I think it is their rules, rather than our laws, but I will check this and if I am not correct I will write and put the letter in the Library.