Oral Answers to Questions

Debate between John Robertson and Dominic Grieve

Tuesday 8th January 2013 Commons Chamber

[John Robertson (Glasgow North West) (Lab)]

8. What recent assessment he has made of the Serious Fraud Office’s ability to conduct a succession of large-scale inquiries.

[The Attorney-General (Mr Dominic Grieve)]

The recent report by Her Majesty’s Crown Prosecution Service Inspectorate demonstrates that the Serious Fraud Office has the ability to conduct large-scale inquiries, although there is scope for improvement. Funding for the Serious Fraud Office is kept under constant review. There is a set budget for the SFO, but as the Prime Minister has previously made clear in relation to the LIBOR investigation, if the SFO needs more resources, they will be provided.

[John Robertson]

Can the right hon. and learned Gentleman confirm that none of the additional funding promised for the LIBOR investigation has been received by the Serious Fraud Office, and will he explain why? It is envisaged that the investigation will take three years. Why so long?