Oral Answers to Questions

Wayne David Excerpts

Thursday 2nd February 2012 Commons Chamber

[Gregg McClymont (Cumbernauld, Kilsyth and Kirkintilloch East) (Lab)]

2. For what reasons he does not plan to implement all the recommendations of the High Pay Commission.

[Mr Wayne David (Caerphilly) (Lab)]

12. For what reasons he does not plan to implement all the recommendations of the High Pay Commission.

[The Secretary of State for Business, Innovation and Skills (Vince Cable)]

I welcome the High Pay Commission’s valuable contribution to this debate. The proposals that I announced to the House last week drew on its analysis, and we are taking forward 11 of its 12 recommendations either in full or in spirit. We have chosen not to implement its recommendation requiring workers to be put on all remuneration committees.

[Vince Cable]

I understand that there is to be an urgent question shortly, when hon. Members will be able to go into that issue in detail if they wish. I simply say that this concerns an exceptionally useful individual who has helped to turn around that organisation. The arrangements under which the negotiations took place involved substantial value for money for the taxpayer and a tax cut by the individual. We will pursue matters of public concern on the tax issues, and the answers will be given by the Chief Secretary to the Treasury in response to the urgent question.

[Mr David]

Further to that point, may I ask the Secretary of State who on earth signed it off? Answer!

[Vince Cable]

These issues will be answered, and the mechanics dealt with, in the urgent question in an hour’s time.