Oral Answers to Questions

David Evennett Excerpts
Thursday 9th June 2011

(12 years, 11 months ago)

Commons Chamber
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Vince Cable Portrait Vince Cable
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My colleague the Secretary of State for Health has made it absolutely clear that no resident, whether publicly funded or self-funding, will be left homeless or without care. In other words, the residents will be given priority and the Government have taken the responsibility to ensure that they are protected. As to the company itself, it had a long-standing failed business model. The Minister of State, my hon. Friend the Member for South Holland and The Deepings (Mr Hayes) has been in touch with the banks to ensure that the credit is properly managed in this critical period so that it happens in an orderly way. There is no way in which we can bail out the company, but I have asked my officials to look carefully at the business models of companies that provide public services to ensure that they are stable and that the responsible sector regulators are able to act appropriately.

David Evennett Portrait Mr David Evennett (Bexleyheath and Crayford) (Con)
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T10. Can my hon. Friend update the House on the agreement reached about Institute for Learning membership fees?