BHS

Debate between Ian Blackford and Margot James

Thursday 20th October 2016 Commons Chamber

[Margot James]

I am not aware of the specifics, but I thank the hon. Lady for raising that important point. I assure the House that neither the Government nor the regulator is complacent when it comes to the regulation of schemes or the powers needed to tackle and deter this sort of misbehaviour.

[Ian Blackford]

Will the Minister give way on that point?

[Margot James]

No, I am going to continue.

If we need to bring forward further legislation in light of all the evidence, including that emerging from the BHS investigation, we will do so. In the meantime, we must allow the independent regulator the time it needs to prepare any case and to follow the statutory process wherever it goes.