AstraZeneca (Pfizer Bid) Debate

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Tuesday 6th May 2014

(10 years ago)

Commons Chamber
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Vince Cable Portrait Vince Cable
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I was slightly puzzled as to why the Leader of the Opposition made it a party political point that there would be a Select Committee inquiry. As I understand it, Select Committees are the property of the House. I am very happy to engage with either or both of the Committees. Indeed, we have already had extensive discussions with the Business, Innovation and Skills Committee about the legacies of Kraft-Cadbury and the takeover legislation. Those matters were thoroughly inquired into.

Angela Smith Portrait Angela Smith (Penistone and Stocksbridge) (Lab)
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Does the Secretary of State agree that the way in which the Government have approached the takeover—appointing two civil servants to negotiate directly with Pfizer—is unprecedented?

Vince Cable Portrait Vince Cable
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That is a bizarre criticism. We have talked to Pfizer and AstraZeneca on a neutral basis. Those conversations have been conducted by Ministers. The Prime Minister, the Deputy Prime Minister, the Chancellor, the Minister for Universities and Science and I have all been involved. Of course the Government have civil servants to carry out their instructions. I am baffled as to why the hon. Lady regards that as a problem.