Financial Stability: Private Equity Firms Debate

Full Debate: Read Full Debate
Department: HM Treasury

Financial Stability: Private Equity Firms

Lord Rooker Excerpts
Wednesday 13th December 2023

(1 year ago)

Lords Chamber
Read Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Baroness Vere of Norbiton Portrait Baroness Vere of Norbiton (Con)
- View Speech - Hansard - - - Excerpts

I would not wish to speculate; however, I am not sure it would have been good things.

Lord Rooker Portrait Lord Rooker (Lab)
- View Speech - Hansard - -

If private equity is so keen on employing people in this country, how come it is not so keen on paying the pensions? The private equity owners of Boots have just got rid of the pension responsibilities.

Baroness Vere of Norbiton Portrait Baroness Vere of Norbiton (Con)
- View Speech - Hansard - - - Excerpts

The noble Lord mentions a situation I am not aware of, but I will say that all owners of UK companies must abide by the Companies Act and their obligations therein.