(6 years, 8 months ago)
Commons ChamberUrgent 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.
Each Urgent Question requires a Government Minister to give a response on the debate topic.
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My hon. Friend tempts me to say something I am really not going to say. What I welcome as part of this whole process is that we have companies in this country and abroad that can take part in a fair bidding process, where the best quality, the best security features and the best value for money wins, regardless of nationality.
An awful lot of the De La Rue staff in Gateshead live in my constituency, although the plant is in the Blaydon constituency. Has the Home Office carried out any assessment of the loss of revenue from national insurance, corporation tax and income tax to the Exchequer when this contract goes to a French Government-owned company?
It is important to reflect upon the fact that the new bidder will be providing new facilities and new jobs in the UK. We will of course seek to work with any company that experiences issues regarding the redundancy of staff, as any responsible Government would, but it is also very important to us that we make sure that we get best value for money for the British taxpayer.