Directors’ Pay Debate

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Directors’ Pay

Peter Bone Excerpts
Wednesday 20th June 2012

(11 years, 11 months ago)

Commons Chamber
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Vince Cable Portrait Vince Cable
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I know that the shadow Secretary of State is indeed very pleasant. I will concede that point. I did not think his questions were terribly good, but he is certainly very pleasant.

As for my performance when I used to sit in the seat where the hon. Member for Bolsover (Mr Skinner) is now, I did indeed warmly welcome Patricia Hewitt’s changes seven years before the end of the Labour Government. They were a big step forward, and they were helpful even though taken as a whole they were quite a weak package. What is happening today builds substantially on those proposals.

Peter Bone Portrait Mr Peter Bone (Wellingborough) (Con)
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The Secretary of State’s proposals are unnecessary and will just be an additional burden on industry. Should he not concentrate instead on his day job? Gallay Ltd, in my constituency, has been waiting since February for an export licence and will lose an order to the Americans. Should we not have more action and fewer stunts?

Vince Cable Portrait Vince Cable
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If there is a genuine problem with export licensing, I will be happy to address it, but only a very small proportion of exports are covered by the licensing regime. As the hon. Gentleman will know, they cover defence and national security, and it is important that we are careful in how—