BHS Debate

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Monday 6th June 2016

(7 years, 11 months ago)

Commons Chamber
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Anna Soubry Portrait Anna Soubry
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Meet them. Well, I have just said to one of the hon. Gentleman’s comrades that I do not have a problem in contacting the administrators if that has and will have any benefit at all. But we must get a sense of proportion here: this unfortunate news has only just been announced.

Jim McMahon Portrait Jim McMahon (Oldham West and Royton) (Lab)
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This really is not good enough. It is not good enough that the Minister has not met the administrators to talk about the people who are affected. It is not good enough that 11,000 people face redundancy and an uncertain pension while the millionaires cream tens of millions of pounds off the top to pay for brand-new yachts. The people in my constituency, where the store is likely to close, will not see justice in their view until somebody is in the dock, facing trial. Does the Minister agree with me that Sir Philip is not fit to lick the boots of those people, let alone be a knight of this realm? Will she support me in having that revoked?

Anna Soubry Portrait Anna Soubry
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There are a number of points there. Let me make it absolutely clear: the Government are not legally entitled to intervene and direct the administrator. The administrator has to act absolutely independently. We have already—quite unusually—announced a number of investigations into these matters. We will wait to see the outcome of the investigations rather than rush to judgment. As I have said repeatedly, if there is further action to be taken, we will not hesitate to take it.