Sheila Gilmore
Main Page: Sheila Gilmore (Labour - Edinburgh East)(12 years, 10 months ago)
Commons ChamberRead Full debate Read Hansard Text
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Vince Cable
That is a pithy summary of what I was trying to say, on which, as Mr Speaker ruled, I took rather too long.
Sheila Gilmore (Edinburgh East) (Lab)
Apparently, the chief executive of Peacocks took a hefty pay increase just last year when clearly his company must already have been failing. I am sure that all workers facing redundancy from Peacocks would like to know how the Secretary of State’s proposals might assist people in their position in future.
Vince Cable
The hon. Lady refers specifically to Peacocks, on which I have been approached by several concerned elected representatives. Having looked at the facts, the Government do not judge that there are any grounds for intervention in the wider public interest, but I have great sympathy for the employees, who are in a very bad position because of bad decisions made in the past by their management.