Ian Mearns
Main Page: Ian Mearns (Labour - Gateshead)Department Debates - View all Ian Mearns's debates with the Cabinet Office
(6 years, 6 months ago)
Commons ChamberI have been asked to reply. Mr right hon. Friend the Prime Minister is in China, building on the existing strong ties between our two countries, and she is accompanied by the largest business delegation that this Government have yet led.
A number of Carillion employees and former employees live in my constituency; indeed, the company has an apprenticeship training centre in Gateshead. They all still face an uncertain future. Will the Government act now to prevent similar corporate theft, whereby pirate directors have syphoned off what should have been hundreds of millions of pounds in pension contributions to pay bogus dividends and unearned corporate bonuses to themselves? Exactly what action do the Government propose to take?
I completely understand the anxiety that must be affecting the apprentices and their families in the hon. Gentleman’s constituency. He probably heard me say during last week’s debates that the Construction Industry Training Board has taken responsibility for finding alternative employers to enable all those apprentices who were with Carillion to continue and complete their qualifications. It is making good progress in that work, but I shall ensure that the particular concern that he has expressed about Gateshead is brought to its attention.
On the broader question, the House will understand that it would be wrong for me to pre-empt findings by an independent inquiry by the official receiver, but we have already made it clear that we will be publishing proposals later this year to stop directors being able to siphon off pension funds in the way the hon. Gentleman described.