Thomas Cook
Debate between Owen Paterson and Grant Shapps(4 years, 11 months ago)
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Grant Shapps
I reject the assertion that nothing has happened. The airline insolvency review required time—in fact, the final version was published only on 9 May. A few months later, we are getting on with it. I will ensure that we work on this, and I hope we can do so on a cross-party basis. It is not quite as simple as one might imagine, because there are multiple facets to address, not one single thing to be done, but the hon. Lady has my undertaking that we will get on with this.
Mr Owen Paterson (North Shropshire) (Con)
I thank my right hon. Friend for his statement. I especially liked the passage on employees, having received a call today from a constituent who was a senior employee of Thomas Cook Airlines and has been made redundant. He is, quite rightly, seriously aggrieved that directors of Thomas Cook Airlines are continuing to function as directors of Thomas Cook Condor, and to be remunerated. My right hon. Friend mentioned in his statement that our right hon. Friend the Secretary of State for Business, Energy and Industrial Strategy has asked for a report from the Financial Reporting Council. Will he commit to looking at the relationships between Thomas Cook Airlines and Thomas Cook Condor, and the propriety of directors continuing to receive compensation while other employees are all being made redundant?
Grant Shapps
It is for the official receiver to do that work. The official receiver has the powers of the Company Directors Disqualification Act 1986, and will no doubt use them. I should say that we know, rightly, about all the payments to executives because of the transparency established, also rightly, over the past few years to ensure that, among other things, shareholders can see and hold CEOs to account.
HS2
Debate between Owen Paterson and Grant Shapps(4 years, 12 months ago)
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Grant Shapps
As the hon. Gentleman will know, we are currently struggling with stages 1, 2a and 2b, but the overall plan was always to go further.
Mr Owen Paterson (North Shropshire) (Con)
Will the Secretary of State commit to investing in the costs of places with collateral damage, such as villages such as Woore in my constituency that will suffer grievously during the construction process? Will he also commit to look at the value of spending £100 billion, which this project is cantering towards, on full-fibre broadband for every household?
Grant Shapps
We must have full-fibre broadband in every household, and that is a commitment of this Government regardless. My right hon. Friend describes devastation to villages, and I agree that we must find a better way of doing this. We must look after people properly when great national projects drive through their homes.