Gas Market Fraud

Gavin Shuker Excerpts

Tuesday 13th November 2012 Commons Chamber

[Mr Davey]

I draw a conclusion that we need stiff competition powers. When I was the Minister with responsibility for competition, I looked at the competition framework, the institutions and the laws that we had inherited from the last Government, and I felt that they needed to be toughened and strengthened. I therefore hope that my hon. Friend will support the Enterprise and Regulatory Reform Bill, which this Government have put before the House to make those reforms to competition powers.

[Gavin Shuker (Luton South) (Lab/Co-op)]

Was the Secretary of State personally made aware of any concerns about manipulation in the gas market—in general, not just specific terms—prior to last Friday?

[Mr Davey]

I first became aware of the allegations on Friday afternoon.