Business of the House

Tessa Munt Excerpts

Thursday 25th April 2013 Commons Chamber

[Mr Lansley]

As a Member of Parliament representing part of Cambridge, I am only too aware of that anniversary, of the tremendous character of those discoveries, and of the work that Crick and Watson and others did. That is recognised. For example, I was directly involved as Secretary of State in securing the future of the Francis Crick institute, which I see emerging next to the British Library. I think this Government are giving leadership on science. We are investing in science, we see it as an essential part of this country’s economic future, and we are supporting it to that effect, as well as recognising that the quality of our science has a unique contribution to make for the whole world. We are determined to build on that.

[Tessa Munt (Wells) (LD)]

Would the Leader of the House consider arranging a debate about the conflict in which insolvency practitioners find themselves when they are appointed by a bank to deal with the administration of a company that has failed owing to the mis-selling of interest rate swaps and hedging products by the very same bank? There is therefore a requirement for them to pursue a claim against the bank and the desire to remain loyal to their employer and to maintain a long-term business relationship with that bank, which requires the skills of poacher and gamekeeper simultaneously.

[Mr Lansley]

Yes, my hon. Friend makes a point which has been raised at business questions before. It is important to try to ensure clarity about how mis-selling claims are to be handled in order to give confidence and reassurance to small firms in particular. I will ensure that in the time available we are in contact with the Secretary of State for Business, Innovation and Skills about getting an answer to my hon. Friend on that point.