Alun Cairns
Main Page: Alun Cairns (Conservative - Vale of Glamorgan)Department Debates - View all Alun Cairns's debates with the Leader of the House
(12 years, 7 months ago)
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Sir George Young
It sounded from the question as though this is a matter that has been devolved to the Scottish Government. None the less, I will raise the issue that the hon. Gentleman has just touched on with my right hon. Friend the Secretary of State for Scotland to see whether there is a role for the Westminster Government to play.
Alun Cairns (Vale of Glamorgan) (Con)
A number of my constituents and 20,000 others across the United Kingdom have lost significant sums in the Arch Cru investment fund as a result of improper regulation. Will the Leader of the House agree to a debate on this subject, so that they can hear the issues being aired and, I hope, demand compensation?
Sir George Young
I commend the campaign being run by my hon. Friend. Many MPs have received letters from constituents who have been affected by that failure. As he may know, the Financial Services Authority is investigating the case, but I will raise his concerns with Treasury Ministers. Although I cannot promise a debate, I hope that I can promise him a letter.