(5 years, 8 months ago)
Commons ChamberWhat has changed is that there has been a successful outcome to the negotiations. When I came into the Chamber, the talks were still ongoing and I was not in a position to say precisely when the Government’s motion would be tabled. I am now advised by the business managers that the motion is in the process of being tabled, and the documents to which I have referred will be deposited in the House for the information of all Members as rapidly as possible thereafter.
I start by thanking my right hon. Friend for confirming that nothing in this evening’s statement indicates in any way a desire on our part to shirk our obligations under the backstop, which are based on solemn promises to the people of Northern Ireland. Does he agree that tonight underlines again that, if this House is to implement Brexit in a smooth and orderly way in any shape or form, the deal before us remains the only show in town?
This has been a long and hard-fought negotiation, and the EU has made it clear that the deal now on the table is it and that there are no further negotiations. The House—that means every Member of the House, whichever side they are on—has a responsibility to take decisions so we can move forward in the national interest.
(6 years, 10 months ago)
Commons ChamberThe hon. Lady risks ignoring the £60 billion of capital investment that it has been possible to use to modernise and improve public services, and that would not have been available had this Government and their predecessors not used the PFI and PF2 approaches. The events of the past 24 hours have demonstrated that for private contractors this is not an easy ticket to riches; there are very real risks associated with taking on a contract. In this case it is—and rightly so—Carillion’s shareholders and creditors who are suffering very substantial losses as a consequence of the financial difficulties into which the company has fallen.
Does my right hon. Friend agree that sad occasions such as this demonstrate the importance of the strength and resilience of our model of pension protection? They also serve to underline the real importance of not allowing individual directors who might have put at risk employees’ pensions to walk away from their responsibilities. Will he assure the House that the investigation by the Pensions Regulator will be full and thorough?
My right hon. Friend makes a very good point. Obviously, the Pensions Regulator acts independently, but I am sure that both the Pensions Regulator and the trustees of the individual pension schemes will respond appropriately to what has happened. In addition, as I said earlier, the official receiver can take account of detriment to pensioners and pension contributors as part of his analysis.