Siobhain McDonagh
Main Page: Siobhain McDonagh (Labour - Mitcham and Morden)Department Debates - View all Siobhain McDonagh's debates with the Cabinet Office
(5 years, 11 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
The Prime Minister
This is an issue that my hon. Friend has not only raised today but been a tireless campaigner on, and he is absolutely right. Small businesses are the backbone of our economy, and it is vital that lessons are learned from what happened at RBS and at HBOS in Reading. As he will know, the Financial Conduct Authority has reported that there were areas of widespread inappropriate treatment of firms by RBS. That was unacceptable. He will also know that the events at HBOS in Reading constituted criminal activity for which those responsible were brought to justice. The independent FCA is currently investigating matters arising from both of those cases. I look forward to receiving its conclusions, but it is important that we do ensure that this matter is fully addressed, and addressed properly, so that it does not happen again.
Siobhain McDonagh (Mitcham and Morden) (Lab)
If, like Jane, the Prime Minister had worked nights at Sainsbury’s for the past 30 years, how would she regard its plans to cut her pay by £2,000 as one of 13,000 people due a pay cut in 2020? Does she agree with boss Mike Coupe that those people are “in the money”, or does she see it as an insult to Jane’s hard work, her determination, and her abilities in just about managing?
The Prime Minister
We recognise the hard work that many people such as the hon. Lady’s constituent put in day in, day out to keep our economy going. I will look at the issue that she has raised, but these are commercial decisions that are taken by the employer and by Sainsbury’s.