Oral Answers to Questions
Debate between Sam Gyimah and Gregory Campbell(6 years, 4 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Gyimah
The hon. Gentleman will be aware that the merger is a matter for the companies themselves. They have, however, given an assurance that there are no planned closures and confirmed that Asda will continue to be run from Leeds with its own chief executive officer. The Competition and Markets Authority is looking at other aspects of the merger.
Mr Gregory Campbell (East Londonderry) (DUP)
A lot of jobs are sustained by local suppliers to both supermarkets. What opportunities will the Minister take to ensure that that continues, and in fact increases, with the newly formed company?
Mr Gyimah
The potential impact on suppliers and the supply chain is a very valid concern, given the market power that the combined entity will have, which is why my right hon. Friend the Secretary of State wrote to the CMA asking it to look at the impact on the supply chain as part of its ongoing investigation.