Johnston Press: Administration

Jim Shannon Excerpts
Monday 19th November 2018

(5 years, 5 months ago)

Commons Chamber
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Jeremy Wright Portrait Jeremy Wright
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I think we must be concerned with all similar transactions in this space, because that is important for the reasons that we have given. The hon. Gentleman will understand why—as I have already said—I will not comment specifically on the way in which this transaction has been conducted.

Jim Shannon Portrait Jim Shannon (Strangford) (DUP)
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There are Johnston Press publications in my constituency. My hon. Friend the Member for Belfast East (Gavin Robinson) referred to the Belfast News Letter, which is a provincial paper. The unions have expressed concern about the defined-benefit pension scheme, and have also warned that any changes in future payments in line with Pension Protection Fund payment rules would be a terrible blow to affected staff. Will the Secretary of State keep the feet of JPI Media to the fire to ensure that pensions are protected?

Jeremy Wright Portrait Jeremy Wright
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Yes, I will certainly seek to do that. As I have said, I am grateful to the Pensions Minister, the Under-Secretary of State for Work and Pensions, my hon. Friend the Member for Hexham (Guy Opperman), who has been present throughout this urgent question. Many of the points that have been raised relate to matters surrounding the pension scheme, and my hon. Friend has been listening attentively to them. I know that he will wish to pick up on some of the points that have been made.