Rachel Maclean
Main Page: Rachel Maclean (Conservative - Redditch)Department Debates - View all Rachel Maclean's debates with the Cabinet Office
(6 years, 5 months ago)
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Oliver Dowden
The right hon. Gentleman is absolutely right about what the chief executive said, and that is the reason why that chief executive has embarked on this restructuring; it is precisely because of that complexity. I well remember working with the right hon. Gentleman when I was an adviser in Downing Street and he was Business Secretary in the coalition, so he will have knowledge of that. In fact, a third of the contracts from Carillion were agreed by the coalition. The process that we had then, and that we have continued to strengthen, is twofold. First, we look at the published results of these companies and use third parties to understand them properly and verify them. Secondly, we continue to engage on a one-on-one basis with each of those companies through the Cabinet Office, to understand their financial position in order to ensure that we deliver on what the public expect—the continued delivery of public services.
Rachel Maclean (Redditch) (Con)
The hon. Member for Leeds West (Rachel Reeves), in the Business, Energy and Industrial Strategy Committee, has rightly raised concerns about the failure of regulation from the Financial Reporting Council and KPMG. Does the Minister agree that the answer to this dilemma is not to nationalise those companies, but to make sure that those bodies do their job for the taxpayer and the public service user?