(10 years, 4 months ago)
Commons ChamberI have had a lot of involvement with companies that have suffered at the hands of such directors, who subsequently set up again, perhaps by using a pre-pack or some other way. The unsecured creditors are the people who suffer and they may have to absolve their company. One suggestion is that we should have a register to track the record of a company’s directors so that any company wishing to supply could look it up and see what is going on.
Order. Twenty-four Members want to speak, but the Front Benchers have already taken 30 minutes and we have only just begun. We want to get everybody in. I am sure that interventions are helpful, but they may be holding up the end of the speech.
(11 years ago)
Commons ChamberI admire the hon. Gentleman’s visionary understanding, because I have no knowledge of the reduction to less than 10%. I put the example of the 3% straw man to the Justice Secretary and his colleagues. That percentage was described to me as “noise in the system”. In other words, 3% either way would not be indicative of strong work. Should the targets not only not be met, but go backwards, my understanding is that there would be—
Order. Interventions must be very short. The hon. Lady has made a speech already, and I am bothered about the time.