Draft Small Business, Enterprise and Employment Act 2015 (Consequential Amendments, Savings and Transitional Provisions) Regulations 2017 Debate
Full Debate: Read Full DebateDepartment: HM Treasury
Jim Fitzpatrick
Main Page: Jim Fitzpatrick (Labour - Poplar and Limehouse)Department Debates - View all Jim Fitzpatrick's debates with the HM Treasury
Draft Small Business, Enterprise and Employment Act 2015 (Consequential Amendments, Savings and Transitional Provisions) Regulations 2017
Jim Fitzpatrick Excerpts(6 years, 3 months ago)
General CommitteesRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Jim Fitzpatrick (Poplar and Limehouse) (Lab)
It is a pleasure to serve under your chairmanship, Mr Hosie. I rise briefly to ask the Minister a question on the back of the Backbench Business Committee debate in the Chamber two or three weeks ago. A number of small and medium-sized enterprises were driven into liquidation and insolvency by the big banks as part of their recovery procedures from 2008. The Minister said that the regulations do not cover the banks. Can I get an assurance that the regulations will not have any impact on the claims of the SMEs that were robbed of billions of pounds by the big banks? Are the regulations an entirely separate issue?